Word: yaseen
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Dates: during 1960-1969
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...York City, says Fantus President Leonard Yaseen, is just no place to work. Yaseen gives it a low rating for reasons as varied as crime, air pollution, strikes, employees' attitudes toward work and operating costs. He cites high and rising city income and occupancy taxes, as well as office rents of up to $15 a square foot in midtown Manhattan v. $7 in the suburbs. Clerical workers commonly put in only 35 hours a week in Manhattan v. 40 in some nearby towns, and their turnover rate averages 34% a year, against 15% in Stamford, Conn. Worst...
...city's economic development administration has tried to dismiss Fantus' move as a publicity stunt. The administration's chief, D. K. Patton, a former Fantus vice president, suggests that Fantus thinks it can boost its business by persuading companies to relocate. Outside opinion tends to support Yaseen. The National Industrial Conference Board reports that the chiefs of some major companies are thinking of offering executives whom they try to lure to Manhattan a "New York cost-of-living differential...
Board Chairman Leonard C. Yaseen of the Fantus Co., the world's largest location consultants, said that 14 more corporations with 11,500 employees are also studying whether to take their head offices out of Manhattan. As for their reasons, Yaseen called the labor market "unfavorable," labor leaders "unsympathetic," and "complaints regarding clerical workers universal." On top of that, said Yaseen, businessmen grumble about "commuting, the rising crime rate, swollen welfare rolls and the subway strike. New York is not a happy place...
...Fantus search for a factory site begins in rows of grey filing cabinets jammed with information about every likely U.S. community. Then Fantus agents, frequently including Yaseen or Fulton themselves, prowl through the most promising cities, trying to keep their presence unknown. Besides looking for the resources and land their client needs, they check on civic attitudes and going wage rates, look over the school system to see if the town is forward-looking. They even make a point of finding out whether the local stores sell expensive or cheap lingerie, considering this an excellent way of determining whether...
...study of the Loire Valley, Fantus will only recommend the types of industries that should be located at various spots, and the French will find the companies. But for worried tourists who picture factory smokestacks raining soot on scenic châteaus, Yaseen has a word of comfort. "It might make economic sense to put a steel factory next to a château," he says, "but it would not make sociological sense. We will have to balance truth with wisdom...