Word: scriptos
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...most companies, massive reorganization, a complete change of direction and a tough new boss at the top almost invariably mean that a lot of people lose their jobs. In the past year, At lanta's Scripto Inc., the world's third largest maker of writing instruments (1964 sales: $25 million), has under gone all three changes - without the firing of a single key executive. The man who did the trick is Scripto's new president, Carl N. Singer, 48, a ruddy-faced Bostonian who has revitalized once ailing Scripto since he went South in 1964. Last week...
Repealing the Toll. Singer arrived at Scripto during a crisis year in which profits plummeted 49%. Sluggish capi tal spending, vacillating management and a reluctance to diversify were taking a heavy toll. Singer, who tried his hand briefly as a guard for a profession al basketball team after dropping out of William and Mary in 1936, had just completed four years as president of Chicago's mattress-making Sealy Inc., where he boosted annual sales from $56 million to $81 million. As he saw it, Scripto's problem was divided into two parts. First he concentrated on management...
Nimble Fingers. Women perform best in jobs that require stoic patience, an eye for detail, and nimble fingers. Atlanta's Scripto Inc. employs women to put together its small pencils; the personnel chiefs at Burroughs Corp. believe that women can tolerate the tedious routine jobs that would drive men up the walls. The monotonous, repetitive jobs in the textile and garment plants are held almost wholly by women, and one-third of the nation's electronics gear is wired and assembled by them...
...Time for Margin. At the semiannual meeting of the Commerce Department's Business Advisory Council, the nation's top industrialists worried that tight money might force cutbacks in industry's expansion plans. Said Scripto's President James V. Carmichael: ("There's no question the tightening of credit has put a slight damper on our long-range planning." Department Store (Daniels & Fisher) President Joe Ross worried that the money shortage might cut back on Denver's "tremendous growth." Complained Ross: "The cost of expansion is prohibitive because of the money rates." But few businessmen...
Prospective competitors would have to move fast indeed. Scripto is already producing 60,000 fluid graphite pencils a day, is sold out well into May. Said Scripto President James V. Carmichael: "By the time we catch up with present orders, we will be 3,000,000 units behind...