Word: telegrapher
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Dates: during 1970-1979
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...officials of the New York Stock Exchange to consider a market shutdown if the strike continued much longer. Mail-order houses and periodicals that depend primarily on subscriptions were immediately damaged. The garment industry, which deals heavily in mail orders demanding immediate filling, was also disrupted. The telephone and telegraph became ever more valuable, but telephone facilities in New York were already taxed to capacity before the strike started. How much extra strain they could absorb was uncertain. Department stores, some of which get 85% of their accounts receivable through the mail, were cut off from their major sources...
...were postal workers placated by Nixon's plan for postal reform. The Administration was committed to a plan developed in 1968 by a ten-man Commission on Postal Organization headed by Frederick Kappel, former board chairman of American Telephone and Telegraph Co. The plan recommended abolition of the Cabinet-rank position of Postmaster General and the creation of a Government-owned corporation with power to set postage rates with congressional approval (see box page...
...Harvard Researcher Ann Carter has been measuring the efficiency of various U.S. industries by gauging the amounts of capital and labor needed to produce a dollar's worth of glass, insurance, hotel service and so on. By these purely statistical standards, efficiency is rising fastest in the telephone and telegraph industries, among others. Even auto repair is rated moderately efficient...
True to his conviction that bigness usually leads to calcification, Townsend stepped out of Avis when it was acquired in 1965 - despite his opposition - by the giant conglomerate International Telephone & Telegraph. "If you have a good company, don't sell out to a conglomerate," Townsend advises. "Conglomerates will promise anything for your people, but once in the fold your company goes through the homogenizer along with their other acquisitions of the week...
Bell Ringer. Even the executives of the world's biggest company figured that they might have some trouble in raising all the funds that their firm needs from its usual source, the bond market. American Telephone & Telegraph Co., therefore, broke with recent tradition in an effort to secure $3.1 billion for the expansion and improvement of its rapidly deteriorating service. Ma Bell offered its giant family of 3,100,000 stockholders a total of $1.57 billion of 30-year debentures, plus warrants entitling them to buy some 31 million A.T. & T. shares. At last week's closing price...