Word: throughness
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Dates: during 1960-1969
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Olympian Unconcern. Union economists argue that the worker has been hardest hit by inflation and is the one who will get squeezed the most in a tighter economy. A.F.L.-C.l.O. President George Meany said last week that labor would not buy Nixon's call for wage moderation. He promised...
The reason that Shultz's influence has risen so rapidly is that he has performed well on a series of sensitive assignments. He pushed through Congress a compromise cutback in the Job Corps, placating supporters of the program by eliminating only the camps that had a poor record of...
On the other hand, Clark has been willing to suffer through initial disappointment with a business that gives signs of eventually becoming a major profit maker. He nursed the American Express credit-card operation through years of losses while Amexco was spending heavily to promote it. The company now has...
Amexco's growth enabled it to survive a blow that might have shattered another company. In 1963, an obscure subsidiary, American Express Warehousing, was duped into issuing warehouse receipts for the nonexistent salad oil of Speculator Anthony De Angelis. American Express in 1967 agreed to pay $60 million to...
The growth has created an unusual demand for young executives, and Clark has developed an equally unusual method of training them. Every year Amexco assigns six or seven new graduate-school alumni to be management consultants within Amexco. Each one studies a particular new business opportunity or competitive threat and...