1. Faces Behind the Figures.
- Author
-
Dorfman, John R.
- Subjects
CORPORATE finance ,LABOR supply ,STRIKES & lockouts ,CORPORATE growth - Abstract
This article presents developments in the field of business. According to Dick Jacob, chief operating officer of Dayco Corp., the most boring thing in the world is to run a company where everything is going well. Dayton, Ohio-based Dayco, a diversified maker of rubber and plastic products, earned only $4 million last year on sales of $718 million. As chairman of British Steel Corp., Ian MacGregor slashed the work force by half in three years, making the company one of Europe's most efficient steel producers. Appointed chairman of the National Coal Board last September, he wants to cut coal production by 4%, to 97 million metric tons, reduce manpower by 20,000 and keep wage raises down to 5.2% for 1984.
- Published
- 1984