Word: tiring
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DIED. José Ber Gelbard, 60, wealthy Argentine aluminum and tire manufacturer who served as Economy Minister (May 1973 to October 1974) under President Juan Perón and his widow Isabel; of a heart attack; in Washington, B.C. To slow Argentina's 80%-a-year inflation, Gelbard decreed stringent wage and price controls. But his policies contributed to the country's near economic collapse, precipitating the 1976 coup that overthrew Isabel. Said Gelbard of Argentine business: "There are no rules. Those who are in power make up the rules. So those out of favor are bound...
...workers, not just take care of them after they become sick. He put some of his ideas into practice as medical director of the Standard Oil Co. of New Jersey from 1946 until 1955. Said he: "It is not uncommon to find an executive who worries more about tire replacement on his fleet of trucks than the health of his employees...
...Arthur Kuechenmeister retired 13 months ago from his $25,000-a-year job as a tire technologist for Uniroyal, with a sense of serious foreboding. "The worst part of it is the feeling that you're washed up, you're through," he says. "You feel that your life is over with, you're no longer a part of the team, the group. They don't want you any more...
...most successful Supported Work project is the $4.3 million Maverick Corp., which runs a tire-recapping operation in Hartford, Conn. Maverick employs 350 ghetto dwellers, including 100 people age 17 to 20. Typically, a worker is offered $2.50 an hour, and told that whoever shows up punctually will get $2.67 instead. Anyone who is so much as one minute late loses the bonus for the entire week.'" Morale is high, and last year 85 workers moved on to private jobs. Says Maverick President Dan MacKinnon: "Of that group, 25% have lost their jobs. That doesn't make me feel very...
...billion, and some 40% of this investment is located in Spartanburg. Hoechst, Germany's chemical giant, operates a $300 million fiber plant there; Switzerland's Sulzer makes textile machinery, as does Italy's Pignone, and within a year Michelin will open a $100 million truck tire factory near the Milliken research center. All told, companies from eight countries have plants in the area, employing 4,500 local citizens. Richard Tukey, head of the local Chamber of Commerce, has just returned from a trip to Holland, Italy, Belgium and Germany, where he sweet-talked manufacturers of chemicals, plastics...