Olsen on Digital No 1 goal keep growth while higher rivals loom
Ken Olsen founder and president of Digital Equipment Corp asserts the company aims to stay No 2 to IBM, focusing on strong growth and ongoing success with its VAX mid size computers. He notes IBM remains vastly larger but Digital has outpaced in earnings, and discusses leadership, succession caution, and DEC World without overhauling daily operations. He reflects on mentors, early funding, and his personal balance between work and hobbies.
MENTIONED IN THIS ARTICLE
Boston
Kenneth H. Olsen
Digital Equipment Corp
IBM
Digital
International Business Machines Corp
Olsen
Massachusetts Institute of Technology
MIT
Computer Laboratory
Jay Forrester
Georges Doriot
Harvard University
Doriot
Forrester
ITT Corp
Edson de Castro
de Castro
Data General Corp
Westboro
DEC World
Canada
Greenspan opposes tax hike but hints may be needed
Federal Reserve Chair Alan Greenspan said he would prefer not to see a tax increase to reduce the federal deficit but acknowledged it may be necessary if unresolved. He noted the 1987 deficit around 157 billion with a 1986 deficit of 220.7 billion and described the economy as growing with unemployment near 5.9 percent.
MENTIONED IN THIS ARTICLE
PVE
Olsen
Doriot
Washington
Federal Reserve Board
U.S
Alan Greenspan
Abc-Tv
David Brinkley
Office of Management and Budget
Congressional Budget Office
Greenspan
Codes of conduct face worker suspicion in surveys
The Conference Board surveyed 300 large firms finding over three quarters have codes of conduct but many employees view them as accusatory rhetoric. Most firms are US or Canada based. penalties cited include dismissal. Rules are broad and few specify concrete scenarios.
MENTIONED IN THIS ARTICLE
New York
Conference Board
United States
Canada
The
Kellogg and workers avert strike with tentative five plant deal
Kellogg Corp and representatives for 4,600 employees at five cereal plants reached a tentative three year contract just after midnight, averting a planned strike by the American Federation of Grain Millers. A spokesman confirmed the agreement early Sunday.
MENTIONED IN THIS ARTICLE
Battle Creek
Mich
Kellogg Corp
American Federation of Grain Millers
Dick Lovell
Kellogg
Purchasing Managers report September economic gains
The National Association of Purchasing Managers shows September growth with the index at 60.7 percent the highest since April 1984. New orders production and prices rose while vendor deliveries slowed and inventories remained mixed as the survey signals robust fourth quarter expansion.
MENTIONED IN THIS ARTICLE
New York
National Association of Purchasing Managers
Robert J. Bretz
Bretz
Pitney Bowes Inc
Newark area business events and September retail report
This week coverage lists upcoming meetings in Cedar Rapids and nearby areas with speakers from Lindale Mall Northwest Fabrics and Crafts and the American Business Women’s Association. It also includes Friday money market rates and Treasury bill results as reported by Telerate Systems.
MENTIONED IN THIS ARTICLE
SCORE
Service Corps of
Chamber of Commerce
Cedar Rapids
Tom Murphy
Lindale Mall
National Association of Women Business Owners
Iowa City
Highlander Inn
Bob Dvorsky
American Business Women’s Association
Longbranch
Tricia Sellner
Northwest Fabrics & Crafts
Administrative Management Society
AMS
Village Inn
New York
Telerate Systems Inc
Telerate
Finance Company
Bankers Acceptances
Treasury
Also Mentioned on This Page
Ken Olsen
Bart Ziegler
Kenneth Olsen
Ronald E. Berenbeim
Roger J. Thoeny
MRA
Skogman Realty
Bowman Woods
Agee
Treasury Bill
Iowa
Gazette
the Gazette
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