Word: textron
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Some firms look even farther afield and try to recruit workers outside their region. But often the chief obstacle to attracting new employees is the high cost of housing, so some potential employers have tried to compensate. An auto-parts division of Textron based in Dover, N.H., gives some of its new white-collar employees short-term "bridge" loans for housing at below-market interest rates. Last year the state's average home price was $136,000, nearly 60% higher than the U.S. median...
...Jones works to save a few of the firm's 47 remaining properties, he still occupies a handsome suite of offices in Kroh's five-story headquarters building on Ward Parkway. But on the chair in which he sits is a little white tag that reads PROPERTY TEXTRON FINANCIAL CORPORATION, IRVINE, CALIFORNIA. That chair, along with nearly every other piece of furniture in Kroh headquarters, is leased, and must be returned to Textron unless the Kansas City company can pay up its outstanding balance soon...
...Iran. Defectors from the Iranian air force confirm that South Korea has provided these parts as well as spares for the Iranian F-4s. One of them told TIME, in addition, that Agusta, an Italian company operating under agreements with the State Department and Fort Worth-based Bell Helicopter Textron Inc., supplied Iran with Chinook choppers in violation of U.S. licensing rules. Says a Pentagon official: "A lot of countries are buying far more supplies than their air forces could ever use. But we have no way of monitoring resales...
Charles J. Christenson, a specialist in management control, was named Little Professor of Business Administration. Friends and associates of Royal Little, founder of Textron, Inc., endowed the chair in 1966 as a birthday gift to the entrepreneur...
Speidel, a division of Textron Inc., has an elaborate array of moisturizers, conditioners and scents. Fabergé Inc. has its Brut line of men's toiletries. Even conservative Chesebrough-Ponds, virtually the Sears, Roebuck of the cold cream world, is emphasizing rugged outdoor men in its commercials for hand lotions. The Coty company, which for years has offered Musk For Men cologne, is preparing to launch another entry into the sweet-smelling sweepstakes, Mark...