Word: vermeulen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Last week, as a reflection of his broadening market, AmSeCo President James Marinus VerMeulen, 56, reported that his company's sales for the first half of 1961 were $16.5 million, up 3.7% over the same period last year. And the big profits for 1961 are still to come because 50% of AmSeCo's production each year is shipped in the summer months to meet the fall openings of schools, churches and theaters. (In 1960, with first-half sales of only $15.9 million, the company wound up the year with a record $42 million.) One Wall Street broker estimates...
Competition has turned the school market into a hot battle to sell at the lowest price, which plays right into VerMeulen's speciality: cost cutting through automation. A strapping Michigan Dutchman, VerMeulen joined AmSeCo as an upholstery inspector upon his graduation from Michigan's Hope College. He decided early that he liked the company so well that he wanted to be president of it. Three years ago he at last succeeded Harry M. Taliaferro (pronounced Tolliver), who had been president for 29 years...
Exit Waste. Even in the Taliaferro days, it was young VerMeulen who mechanized the AmSeCo foundry back in 1930. Automation is now so prevalent that plant ceilings are a tangle of intricate conveyors that look like a routing man's nightmare. The company employs 500 fewer workers than it did in 1926 when it was a fraction of today's size, and its standard chair-desk sells for just over $12 v. more than $13 ten years...
...VerMeulen closed down to avoid a possible $100 fine or 30 days in jail near his final examination time. He felt that the other was unfair to Yale students none of whom will now be able to get around the standard charge of $1.10 per haircut...
...VerMeulen had though he was avoiding trouble when he refused fees while "encouraging" tips. He attributed the state order to action by local barbers...