Word: engstrom
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BETHANY COLLEGE (Kans.) Dr. Elmer W. Engstrom, D.F.A., chairman of the executive committee, Radio Corporation of America. Because of your sense of balance in man's eternal struggle with beauty and reality...
Austin has also managed to make Engstrom into a real slap-stick figure who does not fit in with the play, G. Quay Quenel does not act the part badly, but the part should have been totally different. That Manders can be taken in by such a buffoon exceeds belief. Etain O'Malley is better as Engstrom's daughter, Regina, especially when she remains sprightly but mute...
...Engstrom, whose company's profits rose 23% in the first half to a record $29.4 million, puts the profit rise down to management's increasing skill at cost control. After years of operating in a profit squeeze, he says, "industry has learned how to conduct itself under these conditions. It has sharpened its operations, and therefore improved its margins...
Late in 1961, with Sarnoff growing impatient over computer losses that by then had mounted to $100 million, Burns was replaced as president by Engineer Elmer Engstrom, 61. In 1962, under Engstrom, RCA sharply reduced the research costs of its computer division. It also phased out the commercial model of the no computer, which was intended to run factories, and straightened out the bugs that had delayed for many months delivery of the high-speed 601 computer. The first 601 started whirring last month at New Jersey Bell Telephone, which is paying $375,000 a year rental...
...from the recession low of early 1961, are now booming along at an annual rate of 1,500,000. Auto sales are brisk, if not so brisk as in 1955. Government spending is rising, if not so fast as a few months ago. Says RCA President Elmer W. Engstrom, whose company enjoyed record first-half earnings: "In the experience we are having, the economy continues to be good. But we sense in the air a certain amount of confusion and uncertainty.'' Engstrom's attitude reflects a widespread ambivalence among businessmen, who report good earnings for themselves...