Word: townsend
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...first auto company to report was Chrysler Corp., which posted a first-quarter loss of $29.4 million. Chairman Lynn Townsend told shareholders that Chrysler is now operating in the black again after trimming its inventory of unsold autos, but he could offer no assurance that this situation would continue throughout the second quarter. Hanging over all the automakers, besides the sluggish economy, is the threat of a strike this fall. Last week a United Auto Workers convention in Atlantic City authorized locals to speed up collections for the union's strike fund, which is already large enough to finance...
...Organization, Townsend...
...Levin-Townsend Computer Corp., which owns the Bonanza, has suffered the sharpest decline of all the casino companies-an 87% fall from last year's high of 57½ to last week's 7⅛ a share. In the last nine months of 1969, the company had a $15.9 million loss. Too small and poorly managed to compete with the giants, the Bonanza has been closed and may be sold. Unless they find a buyer, officials of Levin-Townsend say that they may be unable to pay off some notes held by Kerkorian, the previous Bonanza owner...
...Mary Queen of Scots, Fraser (2) Up the Organization, Townsend...
...proof of the widening gap between business and the consumer, Townsend proposes a simple test: let an executive place a call to his company and pretend that he is a customer seeking help. If he reacts harshly to the almost inevitable runaround, he should then try phoning his own office and experience the obstacle course he has set up. As one way of clearing away the communications barriers between the boss and his customers and employees, Townsend suggests getting rid of secretaries - an idea not likely to reduce the book's publicity potential. He has a few words about...