Word: xeroxes
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Developments have not been linear; there are fewer newspapers today than there were 50 years ago, and new forms threaten older ones. The staggering audiences for mass communications have access to paperback books, Xerox copies, photography, films and a variety of other forms. Millions of Americans watch or hear the news at least three times a day-before work, at dinnertime and before sleep. Commercials, discussion shows, documentaries all provide further information...
...XEROX CORPORATION, selling at 63 1/8 on the New York Stock Exchange, recently paid Harrison Salisbury $40,000 for a long magazine article about America as a public-spirited bicentennial observance. The article appears in this month's Esquire, flanked by two full-page ads ("low keyed," Xerox calls them) that identify Xerox as the sponsor of a journalistic first, a "special in print." There has been a certain amount of fuss about all this, which Salisbury may have anticipated ("A first I thought, gee whiz, should I do this," he said). In the Ellsworth (Maine) Times, E.B. White said...
...Today I sit," he writes from an airplane (Xerox gave him an extra $5000 for expenses), "notebook in hand, eyes to the window-aware. I am looking down at a continent, my continent, my America...
...Citibank. Today, while other bankers talk of retrenchment and caution, Wriston clings to his goal of a 15% profit growth each year (an aim that Citibank did not quite achieve in 1975). Many bankers believe that such a target is more appropriate for a growth company like IBM or Xerox than for a bank, which has the primary responsibility of safeguarding depositors' money. Wriston concedes that rapid expansion may increase bad-loan write-offs, but makes two arguments for doing it nonetheless. Says he: "If we didn't want any loan losses tomorrow, theoretically I suppose we could...
...that Harvard Business School used it as a case study of successful diversification. Now the 124-year-old sewing-machine firm is trying hard to recover from the financial drain caused by some of its acquisitive deals. Last week Singer President Joseph B. Flavin, who was hired away from Xerox two months ago to help end Singer's deficits (TIME, Nov. 24), got started by dumping the business-machine division. It includes data-processing equipment, electronic cash registers and calculators, and has lost about $60 million since 1970. Singer thus joins a large number of corporations that have dropped...