Light bulb pyramid blamed for U. S. productivity slump
Prof Eugene Jennings argues the corporate structure has fattened from mentality, redundancy, obsolescence and incompetency. He says management must shrink the stuffing at the top to restore productivity growth and return to a lean pyramid.
MENTIONED IN THIS ARTICLE
New York
Eugene Jennings
Jennings
Michigan State University
McGraw-Hill
General Motors
Sears, Roebuck
Stock market closes lower on light Columbus Day trading
New York stocks drifted in a quiet session with the Dow slipping 3.52 to 869.48 and volume at 30.03 million shares. The day's showing was mixed as Dean Witter, EF Hutton, and Merrill Lynch rose modestly while major indices declined, signaling a subdued market amid holiday absence.
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NEW York
New York Stock Exchange
Dean Witter
E.F. Hutton
CSX Reports Record Third Quarter Earnings
CSX Corp reports record third quarter earnings of 104.8 million dollars or 2.54 dollars per share, up 47 percent from 55.9 million dollars or 1.41 per share a year earlier. First nine months of 1941 also set a record with 229.6 million dollars.
MENTIONED IN THIS ARTICLE
CSX Corp
Monetary base hints at lower rates, says Rukeyser
Lewis Rukeyser argues the monetary base, or high powered money, signals lower interest rates ahead. The base can be controlled by the Fed and has shifted from rapid growth to a moderating pace, implying prime rates could ease to 15 percent or lower by year end and 10 to 12 percent by 1982, with long-term bonds following.
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New York
Federal Reserve Board
Milton Friedman
Fed
Joel M. Stern
Chase Manhattan Bank
Chase Financial Policy
Stern
Plate
Federal Reserve Banks
McNaught Syndicate
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