Word: thorntons
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Thornton has plenty of traffic to clear. Since he took over Litton just ten years ago next month, when it was only a tiny microwave-tube company, it has developed into one of the most remarkable growth companies of the age. In that decade, Litton has increased its sales 18,570% and its earnings 10,175%. It has never had a quarter in the red. In one of the greatest acquisition sprees of all time, it has absorbed some 40 other corporations, now has 71 plants in the U.S. and twelve other countries...
...biggest corporation, with sales that have already passed the half-billion-dollar mark and will probably reach $750 million this fiscal year. By next year, if this growth continues, its sales should lift through the billion-dollar mark and put it among the top 50 U.S. companies. As for Thornton, the organizer of Ford's celebrated Whiz Kids and onetime boss of such talent as Defense Secretary Robert McNamara and present Ford President Arjay Miller, Litton's success has made him a millionaire 40 times over. It has also made millionaires out of 20 other Litton executives...
...Thornton believes that atomic energy will be used to melt icecaps, explore space, turn the wheels of industry, and even change the weather so that citrus trees can grow in Central Park and the smog problem in Los Angeles can be solved. Newspapers and magazines will be transmitted by radio and either stored on tape or printed on receivers right in the living room. Pocket-sized communications devices will keep everyone in instant touch, and physical ailments will be diagnosed by computer and cured in many cases by replacing worn-out parts with factory-made ones. Money may be eliminated...
...During the next ten years," adds Tex Thornton, "there should be more scientific and technological advancement than in all history-more than double that of the past 20 years." This means no letup for a company devoted to profiting by change. Litton's confident executives do not expect growth to level off until the company reaches at least $2 billion in sales-a point that could be reached within four years at the company's present growth rate, and that would rank it fifth among U.S. corporations. "There's really no place to stop," says Tex Thornton...
...onrush of technology has caught up thousands of people in its path and given man mastery over areas that he never dreamed of conquering. It has also created a few problems that never existed before, of course, but Tex Thornton and Litton Industries are confident that man will be able to solve them. Recently, for example, the automatic garbage-disposal unit in Thornton's home broke down. He called a repairman to fix the intricate device, but the man had no success. So Thornton did the job himself in a Thornton-like way. He gave the problem some thought...