Word: wishart
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Today Honeywell sees its greatest future in automation, which Chairman Paul Wishart, 65, prefers to call "instrumentation." "It's the biggest single investment in a product that we have ever made," says President James H. Binger, 47, the company's chief operating officer. Honeywell makes computers both for data processing and industrial use, after a late start in entering the field has sold or rented 190 so far. Its computers help machines run other machines in dozens of U.S. plants. But Honeywell lags far behind front-running IBM and is still losing money on its computer operation-while...
Hard-Riding Polo. Over the next three years, Chairman Wishart will gradually step aside for lean, taciturn James Binger, a onetime lawyer who went into manufacturing because "I wanted to develop my own set of problems to solve." A Yaleman ('38) who plays hard-riding polo on weekends to shuck off the burden of bringing home a full briefcase every night, Binger has already revamped Honeywell's sales approach, placing emphasis on profits rather than on volume. Now he is stepping up international sales (the company has plants in six countries), which so far account...
...scarlet-robed students of St. Andrews, who have the unusual tradition of electing someone likable and lustrous to represent them on the university's governing council. Hard by the renowned golf course, St. Andrews is known for its equitable violence of yore. Protestant Reformer George Wishart was burned there in 1546, and two months later his nemesis, David Cardinal Beaton, was hanged from the local castle window...
...from a one-horse manufacturer of furnace damper controls into a $426 million producer of computers and automatic controls for everything from ice cream plants to missiles, Harold W. Sweatt, 70, finally stepped down as chairman and chief executive officer. Elevated to the throne was President Paul Barclay Wishart, 63, Honeywell's crown prince for eleven years. An Annapolis graduate (class of '20), the natty, articulate Wishart ran a Packard agency in Minneapolis until 1942 when he came to Honeywell as a coordinator of its war contracts. Among Wishart's plans for Honeywell: increased concentration on electronic...
...Nebraska Republican Finance Chairman Joseph S. Wishart revealed that Lobbyist Neff had contributed $2,500 to G.O.P. funds in his state. Wishart said he had questioned Neff's motives at the time ("When I saw he had this handful of money, there was penalty flags down all over the field for me"), but had finally accepted the donation. Explained Wishart: "I didn't think he could be a lobbyist. He kind of had a cloak-and-dagger attitude. It seemed to me that the poor devil had $2,500 he was trying to do anything to get somebody...