To Want to Be No. One How Fairchild Builds Top Teams
Sherman Fairchild, head of Fairchild Camera and Instrument, prizes top talent over consultants and broad diversification. He hired Dr. C Lester Hogan from Motorola with a $3,000 raise to $120,000 and a lucrative option, plus loans to trigger immediate wealth, arguing money matters less than excitement and ownership stake. He warns that passive risk aversion invites disaster and stresses that finding and empowering the best people is the cheapest, most effective strategy.
MENTIONED IN THIS ARTICLE
Sherman M. Pairchild
Fairchild Camera and Instrument Corp
Fairchild
Motorola
C. Lester Hogan
Harvard
Hogan
Sherman
Ing
Sherman Foehchild
Edward Reddig
White Consolidated Industries
Kelvinator
American Motors
Reddig
Sherman Fairchild
BDA
Pat
Steve
Mike Horst
Steve Lawry
Joe Layman
Horace Marshall
URS Systems Corp
Arcata
URS
Bank of America
Public Tour Opens at Glen Burn Colliery
SHAMOKEN Pa. A Working anthracite mine along Route is now open to tourists. The Glen Burn Colliery offers weekend and holiday tours from 10 a.m. to 7 p.m. May through October, marking a rare public access to a hard coal producing mine. NEW YORK A book titled Great Hotels and Resorts of Europe surveys historic hostelries in numerous cities, with travel notes by Jerames, Klein and Norman Reader, available at airport and hotel newsstands.
MENTIONED IN THIS ARTICLE
Shamoken
UPI
Glen Burn
New York
Europe
Jerames, Klein
Norman Reader
SEC moves to clarify restricted stock rules for funds
The SEC proposes exempting from registration certain privately sold blocks held for at least a year before public sale, tightening that go go mutual funds must keep unregistered stock through required holding periods and only sell privately to satisfy disclosure rules. The plan aims to curb evasion while preserving oversight of fund investments and underwriter risks.
MENTIONED IN THIS ARTICLE
SEC
Commission
Federal
Ghetto Goldmine The Case For Black Capitalism
Stanford program eases debt and builds Black business power in East Palo Alto. Nairobi Cleaners owners Pat Brock and Steve Smothers gain a loan and mentorship from Stanford BDA to transform Village Cleaners, paying off debts and expanding.
MENTIONED IN THIS ARTICLE
Stanford
Nairobi
Littleman's
East Palo Alto
Roger Coates
Stanford Graduate School of Business
Business Development Association
HDA
Stanford Business
Pat Brock
Steve Smothers
Roger
Steve
Pat
Hoff Stauffer
John Osterweis
Arcata National Corp
Arcata
John
BDA
San Jose
Pete Hansen
Joba
Hoff
Dynamic expansion in newspaper careers and rewards
A national advertising spread highlights newspaper work as demanding yet rewarding, with growth in daily circulation and 5000 yearly openings. It covers reporter life, salaries, and expanding roles for women, plus getting started through internships, college papers, and free career guides and scholarships. A reader contribution offers a Royal Mercury portable typewriter as a prize.
MENTIONED IN THIS ARTICLE
Lain
Mercury
Royal Typewriter Ca
Catherine Hadley
Columbus
Nebr
American Newspaper Publishers Association
Newspaper Fund
P.O. Box
Princeton
Journalian
Joyce Lain
Career Corner
St. Louis
Royal Mercury
Fire department plans jet-age rescue mini-tank
Fire Chief Ernst Achilles outlines a new jet-age tool for Frankfort final services. A battery operated radio controlled mini tank the size of a child s toy will climb over blazing wreckage and blast a fire free path to passengers with a foam cannon. The device is carried inside no large fire engine and targets jumbo jetliner emergencies expected with 400 plus passenger capacity.
MENTIONED IN THIS ARTICLE
Frankfurt
Ernst Achilles
Oakland Plans Revolving Restaurant
Oakland approves plans for a 75 foot high revolving restaurant at the Port of Oakland seventh street terminal. The circular venue will rotate hourly offering panoramic views of terminal operations and the bay with a free viewing deck for public access. Estimated cost centers on the restaurant structure with 600 thousand EDA support within a ten point one million development package.
MENTIONED IN THIS ARTICLE
Oakland
Bay Area
Oakiat Card
Port Cum Aise
7Th Street
Bay Shipping
Contaier
Economic Development Administration
Ith Street Terminal
EDA
Fort Knox: America's richest treasure house in Kentucky
Fort Knox, a granite fortress on a Kentucky military reservation, guards about 5.6 billion dollars in gold. Access is highly restricted and no visitor is allowed. The depository, officially the United States Bullion Depository, is audited after every deposit or withdrawal. About half the nation's gold is elsewhere in assay offices, mints, or the Federal Reserve Bank of New York.
MENTIONED IN THIS ARTICLE
America
Fort Knox
Kentucky
Eva B. Adams
United States
Federal Reserve Bank of New York
Also Mentioned on This Page
William A. Doyle
The
Securities & Exchange Commission
Mutual Funds
Economic Opportunity Commission
EOC
Marshall
Amistad Lithograph Co
Mento Park
Amistad
Pisani Printing Co
San Francisco
Horace
Mike
Joe
Projec
Ted
Restaurants
Los Angeles
Port Commission
Kentucky Bastion
Treasury Department
Technical
Dienan Bervinegs
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