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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Feb 25, 1985
Page
20
Gale Tollin reports Pillsbury Co will appoint Jack Stafford as CEO on May 8, with William Spoor becoming chairman. Stafford emphasizes people as central to turning Pillsbury into the best food company and an exceptional workplace.
Former Marine officer Stafford joined Pillsbury in 1979 after its Green Giant acquisition. He rose to executive vice president in 1979 and to president of the consumer foods division in 1981, later becoming corporation president amid rapid revenue and profit growth. He notes a strategic, decisive approach and values family time at home.
Allen-Bradley, long known for a prominent clock and quiet operations, moves into Rockwell International ownership after a 1.7 billion dollar deal. Under J Tracy O Rourke the unit shifts to computer controlled factory automation, expands internationally, and showcases a new computerized assembly line plan.
A playful tax trivia set tests deductions IRA limits and IRS rules with questions on charitable contributions capital gains mileage and filing for deceased filers. Topics include ACRS two earner deduction and Social Security benefits taxation.
The Treasury Department allows noncolor currency reproductions in advertisements if they are 25 percent smaller or 50 percent larger than the real bill and if negatives or plates are destroyed. Previously allowed only with news articles, the policy follows a Supreme Court ruling upholding anti counterfeiting provisions and vows stringent enforcement against color reproductions and nonconforming black and white copies.
Reports on consumer prices, real earnings, and durable goods precede a packed economic data week. Key financial notices include stock and bond offerings from multiple states and institutions, plus New York money rate trends and Telerate indices.
A nationwide survey of 100 top U.S. corporations finds the average lunch hour is 49 minutes 31 seconds, 54 seconds longer than the 48 minutes 37 seconds allowed for workers. Marc Silbert of Accountemps notes top management enjoy slightly less time, but still marginally longer than employees.
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