Word: allyn
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Dates: during 1960-1960
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...Robert S. Oelman, 50, president of National Cash Register Co. since 1957, was named chief executive officer to succeed Board Chairman S. C. Allyn, 68, who will continue as board chairman until he retires in December 1961. Oelman has been groomed for top job ever since he was appointed Allyn's assistant...
...Says Allyn: "We consistently invest part of our profits in the countries where they are earned. You meet the responsibilities of foreign operations as well as reaping the benefits...
...Allyn built new factories at Augsburg and Berlin, put up others in Scotland, Sweden, France, Brazil, Japan. Then came the new products: registers and calculators of every description. N.C.R. developed an automated electronic bookkeeping system for banks, added sales of $70 million in the first two years the system was on the market...
...Allyn had been well trained to take over the top job. In 25 years at N.C.R., he saw sales doubled to $40 million. As boss, Allyn has multiplied them another tenfold. During the war, he took N.C.R. into defense work, but made sure he would be ready for the worldwide boom he saw ahead. With peace, Allyn hurried to Germany to check on N.C.R.'s Berlin plant. It was gone. "The Russians had rolled up our plant like a rug and hauled it behind the Iron Curtain," says Allyn...
...Allyn hopes to push his new products overseas to help foreign retailers, knows that the cost comes back many times...