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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Lubbock Avalanche Journal
Location
Lubbock, Texas, United States of America
Date
Jul 26, 1962
Page
4
Fetors Indell argues a corporation big by employees product range and political reach becomes unmanageable. He says a firm with 200,000 items makes it impossible for the president to know all it produces and questions its honesty and scope.
Martindell argues that splitting large U S firms benefits management, employees, and stockholders. He warns that corporations over 500 million in operation become poorly managed and prone to failure, reflecting on the consequences of excessive bigness.
Martindell notes that many industry leaders are old and complacent. He cites the American Institute of Management initiating in 1948 a survey of 30 000 businesses to identify well managed firms. The effort reveals rising interest and awareness in effective management.
Fragment discusses diminished numbers in 14 years and comments on people becoming less honest and less industrious. It mentions leadership and corporate reliance, with a quote from Martindell about changes over time and potential shifts in skilled workers.
Martindell warned that men capable of leadership are scarce while a widening gap between top management and workers persists and a lack of adversity hampers growth. He also argued inflation hides true prosperity by masking underlying issues.
A veteran business figure argues that constant adversity is essential to true character. He notes that in thirty years few entrepreneurs gain real resilience, while hardship forges maturation and leadership from younger managers.
U S secretary of state Dean Rusk and Soviet foreign minister Andrei Gromyko left Geneva with Berlin positions essentially unchanged after three meetings. Both sides recognized the others commitments and warned of consequences if they are violated. Talks began amid Laos treaty events and continued with calm, precise discussions that delved deeper into Berlin’s complexities.
A group of Houston Methodists announced plans to build Clarewood House a $4.7 million apartment complex near Sharpstown in southwest Houston. The 288 units will have rents from $80 to $190 monthly, targeting elderly residents. Marlin E. Sandlin of First Methodist Church chairs the project.
Washington sources say a rapid income tax cut this year is unlikely unless a sharp economic downturn appears. President Kennedy and lawmakers favor a broader overhaul next year, while the Ways and Means Committee opens a study of the economy and tax policy with no formal hearings planned. Opposition from Rep. Wilbur Mills signals caution on a quick tax cut. The prevailing view is that even a cut would raise weekly take home pay only about one dollar and strain the budget. A sudden downturn remains a possible disruptor.
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