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...Plumbers. They cut $293,000 in annual costs by centralizing the restaurants' purchasing system and dropping the maintenance department. (Says Crouch: "We're restaurant men, not plumbers.") To boost the low morale of their 5,000 employees, they made each manager directly responsible for his restaurant, handed each a 20% raise and the promise of a profit-sharing plan if & when there are profits to be shared. They hired an ex-Powers model to teach Childs waitresses how to look better, centralized the baking job in New York and cut the bakers from 72 to five...
...stock market was also cheered by the increasing optimism of U.S. industry. For example, General Motors Corp., which had been expecting a drop in auto sales this summer, now plans to boost its record output by almost 20%. Said Chairman Alfred P. Sloan Jr. at last week's annual meeting of stockholders*: "Out of an estimated 34 million passenger cars now in operation, about n million or nearly one-third of the total, are ten years old or older." Most of these cars must be replaced over the next few years, said Sloan, and G.M., which has spent...
...grounds that the Corporation is under a "definite moral obligation" toward Burr to build a new club and that a new varsity club would give a boost to the "now poor morale" of athletic teams, Henry M. Silveira '51 and John T. Coan '50 recommended that the Council approve the College's present plans. Five members backed this proposal...
Although U.S. teachers seem to be making a little financial progress, Manhattan's National Bureau of Economic Research reported this week, they are actually getting nowhere at all. Despite an average pay boost from $1,441 a year in 1940 to $2,750 in 1949, the public schoolman's salary is worth hardly a penny more in terms of buying power. College and university teachers, whose average salaries have gone up from $2,866 to $4,217 in the same period, N.B.E.C. found, are faring even worse; the new scale puts their standard of living right where...
...onto paper. With three Armstrong articles due for publication in the U.S., he was also pecking away at an autobiography. A sample of loose-jointed Armstrong prose (and his own weird punctuation), as free & easy as his New Orleans trumpet, tells how he gave a young Italian singer a boost on his European tour last year...