Word: toole
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Dates: during 1960-1969
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...attacks, troop hauling, supply runs, rescue missions and reconnaissance. Success in war is also producing spectacular results for the $900 million-a-year helicopter industry. With the increasing U.S. commitment in Viet Nam the Pentagon this year has ordered an additional $600 million worth of helicopters from Bell, Hughes Tool and Boeing-Vertol, which are (along with Sikorsky) the leaders of the industry...
...young executives as rapidly as he bought up companies. He persuaded Houston's John Duncan, a coffee dealer whom he had met in the commodities trade, to sell out his personal holdings and invest $112,000 in G. & W. Next he induced David Judelson, a New Jersey machine-tool maker whom he had met on a vacation at Lake Champlain, N.Y., to put up another $50,000. Today Duncan, at 37, is G. & W.'s president and day-to-day administrator; Judelson, 36, is executive-committee chairman and production chief. Bluhdorn is the creator of new mergers...
...ranged afar from auto parts to take over such firms as Chicago's Miller Manufacturing (steel castings and forgings), Connecticut's Mal Tool (aerospace components) and Long Island's Unicord Inc. (musical instruments). Outside of G. & W., Bluhdorn and some other associates in the past two years have bought control of New York City's Ward Foods (TipTop bread) and the Bohack supermarket chain (196 stores). When acting for G. & W., Bluhdorn often uses stock instead of cash to buy out companies, shuns ailing firms. "We have no time to be doctors," he says. The deal...
Like Menk, Gilliland looks to computers as a vital tool for further streamlining operations. The management itself is already streamlined. Frisco executives are young (average age: 45). Gilliland started as an office boy for the Santa Fe when he was only 14 and, despite five years of night school, never earned a college degree. These days most future Frisco executives come to the railroad straight out of college...
...Mechanisms. Optics still produce 40% of the company's revenues, but Perkin-Elmer has expanded vigorously into analytical instruments that serve the chemical industry in myriad ways. The company now derives more than half its sales from such mystical mechanisms as its $25,000 infrared spectrophotometer, a crucial tool in the development of synthetic fibers, and the $6,000 atomic absorption spectrophotometer, which almost instantly measures the amount of metal in a chemical sample. Lately, it has also branched into laser technology, produces the powerful gas lasers used in tracking missiles. For the U.S. space program, it makes...