Word: turnoveritis
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The man who opened the store and set out singlehanded to revolutionize France's noncompetitive retailing system is Maurice Gattegno, 47. Until two years ago Discounter Gattegno was a small shopkeeper in a nation of small shopkeepers (one to every 43 consumers), most of whom have no employees, gross...
Customers poured in. To handle a daily turnover that increased a hundredfold, Gattegno took on 20 employees at wages remarkable for France: $250 a month for salesmen, $225 for the lowliest packer-more than three times the going rate. The first year Gattegno grossed $714,000. Moreover, said he proudly...
Today the Oberoi chain sprawls over India, Kashmir and Pakistan, has 1,715 rooms, 4,500 employees, a yearly turnover of 355,000 guests. Profits (before taxes and depreciation) jumped to $1,250,000 last year from $950,000 in 1954. Oberoi believes that the future is even brighter. By...
There was a considerable turnover of tutors, but the staff was academically inbred. Except for the French instructors, the College did not have a single teacher before the nineteenth century who was not a Harvard graduate.
All day the crowds grew bigger, and Adlai, in his moderate voice, fed them strong words. He expanded his list of Republican demons to include Senator Bender, Wisconsin's Joe McCarthy, Indiana's Bill Jenner. He linked his demand for an end to H-bomb tests with his...