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...started by making drastic cuts in overhead expenses, reducing the staff by 18% (annual saving: $3,000,000), and offering numerous vice presidents line jobs or early retirement. Baldrige eliminated committee meetings altogeth er, cut reports down to the bare min imum and held his eight division man agers answerable for "unnecessary ac cumulation of statistics." Scovill's top management now consists of Baldrige and a lone executive vice president...

Author: /time Magazine | Title: Corporations: A Very Individual Manager | 8/30/1968 | See Source »

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