Word: smale
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...board is expected to split Stempel's job in two, promoting president John Smith to CEO and installing as chairman John Smale, retired Procter & Gamble chairman and leader of the directors aligned against Stempel. But GM's problems go back to the free-spending 1980s, when the company invested billions in computer and aircraft firms rather than finding new ways to build better cars, and it will take more than a boardroom coup to turn that around. (See Cover Stories beginning on page...
...management shake-up was orchestrated by retired Procter & Gamble chairman John Smale. In a break with company tradition, Smale became chairman of the important executive committee, a job previously reserved for inside directors. His elevation left many around Detroit wondering how long Stempel, 58, would be at the wheel. Last Thursday Smale attempted to ease Stempel's humiliation by vowing that the chairman retained the "full support and confidence" of the board in his efforts to improve GM's North American operations. That will be no small trick: analysts estimate that GM lost up to $400 million in the first...
...recession, could come in 1985. Warns Henry Kaufman, widely respected chief economist for Salomon Brothers, the Wall Street investment firm: "The durability of this economic expansion is going to be significantly limited by the huge deficits in the federal budget." Industry leaders share that anxiety. Says John Smale, president of Procter & Gamble: "The size of the federal deficit is a national problem of substantial urgency that must be addressed with statesmanship, vigor and speed...
...Corp.; Gerald C. Meyers, Chairman, American Motors Corp.; John J. Nevin, Chairman, Firestone Tire & Rubber Co.; Frank Pace Jr., President, International Executive Service Corps; Donald S. Perkins, Chairman, Jewel Companies Inc.; Paul C. Sheeline, Chairman, Inter-Continental Hotels Corp.; Forrest N. Shumway, Chairman, Signal Companies Inc.; John G. Smale, President, Procter & Gamble Co.; Thomas J. Watson Jr., Chairman emeritus, International Business Machines Corp.; George Weissman, Chairman, Philip Morris Inc.; and L. Stanton Williams, Chairman, PPG Industries...
...cannot stir a tempest in a thimble. Davies' Rose is a teacher in a Midlands elementary school who is busily donning her New Woman persona on the threshold of middle age. She insists, perhaps understandably, on being called Ms. Strong, instead of Mrs. Fidgett. This flusters Headmistress Smale (Beverly May) and the older staff, as do her theories of education, which smack of the bankrupt experiments of the '60s. She has no use for learning by rote. She wants children to play teachers, to make up their own work assignments, and for every one to "have...