Word: stoll
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Dates: during 1960-1969
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...sales drop to their lowest point in five years. The push for more nongovernment business has been stepped up by a new top management team that took over five months ago. The team: A. P. (for Athanas Paul) Fontaine, 60, the chairman and chief executive officer, and George E. Stoll, 58, president and chief operating officer. Both longtime up-through-the-ranks employees, they have tightened cost controls, informed division heads that they will use Bendix' incentive bonus program to reward good producers and punish poor ones. Result: earnings rose 22% in the April-June period...