Word: gorham
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Dates: during 1970-1970
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...instituted independent divisions modeled on the General Motors system, became chairman in 1960 and raised Textron's sales from $383,188,000 to $1.7 billion before he retired in 1969. Today Textron has 33 divisions that make products as varied as Bell helicopters, Talon zippers, Sheaffer pens and Gorham silver. Textron at one point ran a cruise ship to Hawaii that managed to rack up staggering losses; Thompson had models of the ship made as a reminder to his executives that an acquisition-minded company could become too enthusiastic...