Word: thompson
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Dates: during 1960-1969
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...original novel, by Morton Thompson, is 948 pages, too long for even Anhalt to memorize. Instead, he read the book three or four times, then ripped off the binding; "I would take those pages which gave me a jazz-for any reason-and tack them up on the wall. I ended up with perhaps 100 pages which excited me. Then I would thread my continuity between that excitement, frequently changing the general moral tone of the book, or its purpose, to fit that excitement...
Yachtsmen who have sailed aboard Rupert C. Thompson's 40-ft. cutter Dorinda know that, come what may, Thompson is as placid as pool water at the helm. While his tense crew struggled to run down a damaged sail and hoist a new one in the midst of a hot race last year, Thompson looked on with barely a word, leaving his men to perform their work unbothered. That is just the kind of ship that "Rupe" Thompson, 59, runs as chairman of Textron Inc., New England's second largest firm and certainly one of the nation...
...working on contract), was especially satisfying because Bell edged out United Aircraft, the only New England manufacturer still larger than Textron. Based on the West German order and the company's large backlog, Textron's stock hit a new high of 611 last week, making Principal Stockholder Thompson's 54,000 shares (or 1%) worth $3.3 million...
Rigid Auditing. A longtime Providence banker who was brought into Textron by Founder Royal Little in 1954 as Little's heir apparent, taciturn, trim-waisted Rupe Thompson runs his far-flung company with a staff of only 83 people on one floor of a Providence office building. He allows his divisions to operate almost autonomously, much as at General Motors, a corporation that Thompson has studied minutely and admires mightily. His staff coordinates the company's affairs, channels profits where needed. "I'm all for delegating responsibility," says Thompson, "but I also ask for accountability." That takes...
...Thompson completed the move out of low-profit textiles begun by Royal Little-but the company's growth is by no means completed. Textron has a vice president for acquisitions who scrutinizes at least half a dozen proposals weekly. It is now interested in overseas firms (it has two plants abroad) and in U.S. consumer and industrial lines that would balance the defense division's 35% of total sales. Prospective acquisitions, however, must meet rigid guidelines: $15 million to $30 million in annual sales ("We're not trying to compete with General Motors," says Thompson), well-established...