Word: xeroxing
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...employees are "teammates," he is the coach, and he calls every important play. He is in the middle of every scrimmage. McDonnell refers to himself as "a practicing Scotsman," and in small ways he certainly is. He has been known to spend five hours going over the cost of Xerox copies of company documents. To inhibit gabby long-distance telephone calls, he gave his aides three-minute egg timers. Yet Missouri's largest employer spends lavishly where it counts: on new technology. Since the company's birth, McDonnell has poured 83% of its profits into research and expansion...
...acquisition of Holt will give CBS a prime spot in the knowledge industry, which is largely based on corporate partnerships that wed electronics and the printed word so as to participate in the U.S.'s education explosion. Since 1965, Raytheon has bought Boston's B.C. Heath, Xerox has assumed control of the Wesleyan University Press, and RCA, parent of CBS's great rival, NBC, has taken over Random House, is also diversifying in other ways (see following story). Time Inc. and General Electric have gone into a fifty-fifty partnership in a new firm called General Learning...
...Beatles were never what the great and groovy Monkees [Feb. 17] are. You must have a lot of nerve to print such an untrue arctile; an apoligy is a necessary thing, because the Monkees are 100 times greater than the Beatles. If anyone put you through a Xerox machine, they'd come up with a blob of nothing, a wind bag, and a loud-horn. If you don't like this, lump it, or we'll put you on the Last Train to Clarksville and haunt you with I'm a Believer...
...climb-on-quick world of pop music, imitation is the sincerest form of ambition. Less than a year ago, a team of wily promoters ran the Beatles through a Xerox machine and came up with the Monkees (Time, Nov. 11). Musically, the Monkees were and are a dull mutation of the origin of the species. No matter. Mass TV exposure and dubbed-in accompaniment lifted their first recording-Last Train to Clarksville, an innocuous ditty dashed off by a team of songwriters during a 20-minute coffee break-to the top of the charts. Their second album, More...
...over 1965. But because of start-up costs for its System/360 computers, earnings have lagged behind sales, which rose 19%, to $4.2 billion. To increase in come, IBM has cut the 360's purchase price by 3% to speed sales, raised its rental fee 3% to expand revenues. > Xerox also bounded to its 15th successive earnings record, with profits up 36%, to $80 million. Thanks to what Chairman Joseph C. Wilson called an "important reversal" in orders for its once slow-moving 2400 copier, earnings outraced increasing costs. Though the year-long gain was nothing like...