Word: westernness
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Dates: during 1990-1999
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When he co-founded Standard in 1870, the oil fields of western Pennsylvania--the heart of the new industry--were in a chaotic state as gluts dragged down prices below production costs. Rockefeller then began to employ the tactics that made him a legend. Imposing his own granite discipline on the industry, he bought up rivals, modernized plants and organized the oil industry on an enduring basis...
...product-design force behind Sony's inventions. The combination worked well. The two sought to provide the best available technology and quality to the consumer. One of Sony's first products was a transistor radio, produced in 1955. While the transistor was developed by Bell Labs and produced by Western Electric, it was Sony that first used it for a small pocket radio, in 1957, creating a new market in the bargain...
...Simon & Schuster, ear protection became a recommended piece of executive equipment. The intensity of Snyder's verbal assaults would surprise even him--but surprise did not stop him. Snyder met his match in the equally fearsome Martin Davis, who became CEO of Simon & Schuster's parent company, Gulf + Western. Meanwhile in the Bronx, Yankee owner George Steinbrenner was taking delight in firing people. He is so paradigmatic of impetuous power (throwing tantrums, bad-mouthing employees in the press, hiring a spy to dig up dirt on Dave Winfield) that he's simply called the Boss...
...built the conglomerates were vastly different from the reigning generation of bosses. They were classic outsiders--non-Eastern, non-American, non-Wasp and non-Ivy. Rebels such as James Ling, founder of Ling-Temco-Vought, Charles Bluhdorn of Gulf & Western Industries (satirized as Engulf & Devour) and Harold Geneen of International Telephone and Telegraph stormed America's corporate towers even as students and protesters were laying siege to the nation's ivory towers...
Austrian immigrant Bluhdorn took a run-down Michigan auto-parts distributor and built it into Gulf & Western Industries, a $2 billion marvel whose activities ranged from mining (New Jersey Zinc) to movies (Paramount Studios). By 1969, the former $15-a-week clerk was worth $50 million...