Word: fairless
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...Just Plain Silly." Next day, at a Chamber of Commerce meeting in Johnstown, Pa., quite another view of automation was advanced by U.S. Steel's Chairman Benjamin Fairless. Said he: "Automation has become a menacing word-a kind of modern bogeyman with which to frighten our people." Fairless went on to show why he thought the fears "just plain silly." Was not the telephone industry the prime example of automation, with its increased use of dial phones? Yet between 1940 and 1950, said Fairless, the number of telephone operators in the U.S. increased...
What about the overall effects of automation? In the past 15 years, said Fairless, the U.S. population has jumped 22%, while the number of jobs has grown by 35%. "And in the field of manufacturing itself-where automation has advanced most rapidly-employment has gone up 73% ... The record clearly shows that this rapid increase in employment has occurred chiefly because of mechanization, not in spite of it. The building of machines themselves-plus their installation, maintenance and the construction of new factories to house them-has opened up thousands of job opportunities that never existed before ... As mechanization...
...steel industry, which has been operating at scarcely better than two-thirds of capacity, combined earnings of 30 companies were just 14% under a year ago. U.S. Steel's second-quarter net was down 11.9% to $49 million. But Chairman Benjamin F. Fairless predicted that demand for steel would pick up late this month or in September. Chicago's Inland Steel, which concentrates on basic steels rather than high-cost alloys, announced alltime highs in second-quarter production (102.6% of capacity) and first-half earnings ($19.4 million). Bethlehem Steel's Chairman Eugene G. Grace also reported profits...
...written a serious treatise on elephants' toes at the age of ten, Karl was the friendly campus hero who captained the Wooster football squad and pitched on a local baseball team known as the "Never-Sweats" (the Never-Sweats' catcher: a young fellow named Ben Fairless, now boss of U.S. Steel). Eventually, however, he got his M.A. at Wooster, later taught at Portland's Reed College. By the time M.I.T. hired him as its president in 1930, he had risen to be chairman of the physics department at Princeton...
...Steel promptly called a two-week recess to study the proposals. Chairman Fairless, who himself took a slight pay cut (from $261,200 to $258,000) last year, said that he wanted to settle peacefully and quickly. But falling demand has forced Big Steel and the rest of the industry to cut output in 1954, and they are in no mood to shoulder heavy additional costs. The Steelworkers themselves were not talking strike. Said a union spokesman: "These are things we have outlined for discussion . . . That does not necessarily mean that it is our price for industrial peace...