Word: ibm
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Dozens of other companies have similar programs, including such corporate giants as General Motors, IBM, International Harvester, Alcoa, U.S. Steel and Ford Motor Co. American Telephone & Telegraph Co. has put 1,800 executives through its four-year-old management training center in Asbury Park, N.J., offers additional training for thousands of executives among its far-flung subsidiaries. Most companies see to it that their executives get courses closely related to business, but a few have bravely plunged into more cultural territory. Bayuk Cigars Inc. (Phillies, Websters) gives its executives courses in anthropology and art, is planning-to add a course...
...Hillary will deny ASPCA charges that he used penguins to pull his sled when he reached the South Pole. Sir Edmund will say, "The birds are not only bow-legged, but paunchy. The charge is ridiculous." Back in Cambridge, Dean Watson will be fired for having purchased 3,000 IBM machines without authorization. The ex-Dean will declare, "Machines are lots of fun. Lots." Dean Bundy will reply, "Mr. Watson knew quite well that there is no need for 3,000 IBM machines. I suffice...
...boys." Rev. Buttrick will urge President Pusey to go gold hunting in South America to strengthen Harvard's financial position. Rev. Buttrick will offer to accompany the President and allow him to use his new gold-divining rod. Ex-Dean Watson will offer to find gold with his IBM machines. "Damn, but those machines are awfully smart. Awfully" he will...
...example, had gross returns after taxes of $35.10 per share last year, paid out only $3.80 per share as cash dividends; of the remaining $31.30 per share, $20 was charged off as depreciation, $9.30 was retained as cash, and another $2 per share went to pay interest on IBM's debt. In years past, U.S. manufacturing corporations were able to finance most of their expansion by retained earnings, had a relatively small debt to worry about. But today so many companies are expanding that even though industry retained earnings of $6.8 billion last year, it had to borrow another...
...Smithsonian found itself partially unprepared on the night of October 4. Moonwatch teams had been organized, but with no advance warning their personnel was scattered and had to be hastily assembled for spotting duty. Programming schemes had not yet been fully worked out with which to prepare MIT's IBM machines to calculate the satellite's orbit from observational data. And a special telescopic camera, especially designed for the photographic tracking of a satellite, had just been dismantled for an operational check-up and would not be serviceable for another week...