Word: thorntons
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Instead of delivering on its promise to create a workers' paradise with ample material goods for all, Marxism-Leninism as practiced by Moscow has fashioned something of an inertia-bound bureaucracy that limits incentive and suppresses inventiveness. Says Economist Judith Thornton of the University of Washington: "Imagine a whole economy organized and run like the Department of Energy or the Pentagon. Of course, there is a problem. Public organizations work less efficiently than do private ones, which are eliminated if they are not competitive." The law of the land for the Soviet economy is the national Five-Year Plan...
Boeing: builder of strategic bombers, ballistic missiles and jumbo jets. Boeing: the nation's 29th largest industrial company, but a firm with a plain-talking chairman of the board, Thornton ("T") Wilson, who drives unpretentiously around Seattle in a Honda instead of the company limousine. Boeing: the best planemaker in the world today, eclipsing all competition in the civilian aircraft business...
Around Boeing's spartan hangar-like headquarters in Seattle, they call him the "old shoe," and Thornton Arnold ("T") Wilson, 59, certainly is that. Eight years ago, when he became chairman of the board, he did not bother moving out of his noisy office to more elegant surroundings down the hall. Each morning he sheds his suit jacket and conducts business in a navy blue sweater. When the temperature gets too cold, he can even be seen working in his hat and overcoat. And despite a yearly income in the million-dollar range, Wilson still lives in the same...
...finished the first day of competition with a five-point lead over USC, and it seemed Thornton's wish might come true. That evening saw two NCAA records drowned. In the first event, UCLA's Brian Goodell and Harvard's Bobby Hackett added another chapter to their longstanding rivalry. As in most of their 500 freestyle duels, Goodell pulled away at the 300-yd, mark to touch in an NCAA record time of 4:16.43. Hackett notched second in 4:19.41. UCLA wracked up the meet's second-highest point total in a single event, scoring 35 points (Cal scored...
...Thornton's goal indeed came true and his Bears were truly golden in compiling 287 points. Just 66 points separated Cal from fourth place Tennessee. Not since 1974 had less than 70 points separated the first two teams...