Galesburg Register-Mail from Galesburg, Illinois on May 7, 1973 · Page 20
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May 7, 1973

Galesburg Register-Mail from Galesburg, Illinois · Page 20

Galesburg, Illinois
Issue Date:
Monday, May 7, 1973
Page 20
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Page 20 article text (OCR)

2ftT6alisburg Regjster^^ Mondoy, Mqy 7,' 1973 Firestone Chief: Business Faces Lack of By DEAN C. MILLER WW YORK (UPI) - Tht buUftasi community has come urtdW sharp attack recently, both from the public and Correal, and Raymond Christy Firwtone is one successful executive willing to answer back. Baatataa World •VJK< i't' Firestone Is board chairman of the Firestone Tire A Rubber Co. of Akron, Ohis, which ranks in the top 35 of the country's industrial giants. Its manufacturing plants in 29 countries, sales outlets in 135 foreign countries and 109,000 employes generated $2.69 billion in revenues in 1972. Aside from business duties, the Firestone chairman actively] participates in hundreds of civic, government, education and religious areas. In the following interview, Firestone, 64, talked about the business community's various problems and efforts to educate the public Q. What is the biggest single problem facing business in the area of public opinion? A. Lack of trust and credibility. People don't quite think business is telling the truth about its products and about its profits. Q. Why not? A. There is a wave of popular feeling against established institutions in general, and busi* ess, as part of the establishment, is feeling it. Q. Why does this make any difference to the country? Isn't this just another business problem? A. The public's lack of belief in business leads to many problems. If people think business is making too much money when it is barely making enough to keep onvertising, distribution, and all a** £.'>•« ices? iS/fti SI The most important thing we'll do today is fill your prescription!" CLARK DRUG 1440 N. Henderson 1 342-4169— growing, that kind of negative public opinion is apt to be translated into restrictive trade and tax laws and regulations. This could cause our nation's economy to stall. Q. What would happen then? A. If it really stalled, we could see a massive effect on our way of .life. Without the taxes that business generates directly and indirectly—and business and its operations are the prime source of all tax revenue—federal, state and local government operations would fall flat on their faces There would be tremendous effects on education, hospitals museums, libraries and many other things we have come to accept as normal, everyday rights. Q. So what has to be done? A. A better job of education We have to convince people that corporations do not earn the excessive profits the public thinks, and that they actually are not far above the surviva level in many cases. If this one basic erroneous impression can be corrected, the generally widespread criticism of busi ness activities should decline dramatically. Q. What kind of program do you think would help? A. We have begun something at our headquarters in Akron that we think is a step in the right direction. In cooperation with the Akron Public-School system, Firestone has launched a pilot program to show students first hand what business is, what it does, and how it does it. We are acting as host' to students from kindergarten through grade 12 in a series of visits in small groups to interview employes on virtually every job in the company. The students are gaining an understanding of all parts of a major corporation, including research and development, engineering, manufacturing, marketing, ad- other areas involved in bringing a product to tht consumer and carrying on a business. Q. Did the students learn other things such as business's social responsibilities? A. Yes, they interviewed and talked with those involved in our environmental operations, they were told of the financial and manpower contributions made by our company to such organizations as colleges, hospitals, United Funds, city recreation programs, the Y, Scouts, and many others. Q. Firestone recently pub- lishd an easy-to-understand annual report for employes. What was the reaction? A. The reaction has been excellent and indicates people want the truth if it is presented properly. The report showed in simple fashion that for every dollar of sales that Firestone made, more than 50 cents went for raw materials and cost of sales, that more than 32 cents went for wages, salaries, and benefits, 7 cents for taxes, 4 cents for depreciation, VM cents for interest, and 5 cents for profit. Of that 5-cent profit, 1.8 cents were paid to stockholders and 3.2 cents were retained in the business so it could continue to grow and maintain or increase employment Q. How far do you feel the responsibility of business to society extends? A, A business must do whatever it can do—and afford to do—to correct and improve matters of public concern related to environmental, so* cial, and educational needs. However, it can do these things only after fulfilling its basic function, which is to operate in such a way as to provide useful products or services, the proper employment and remuneration of its employes and a return to its stockholders who are the investors and the owners ot the corporation Q. How do you assess the trend of the so-called "blue collar blues?" A. 1 believe it his been greatly overstated. There is some boredom associated with some jobs, but it is not confined to those who work in the factory. Even labor leaders now are stating that the theme has been played up excessively. Q. Is there still pride In workmanship? A, Yes. During our special school tour a student said to one of our employes: "Don't you get bored doing the same job all d»y?" To which he replied: '1 suppose 1 could if I wanted to, but I know my Job well and It provides me with the chance to do a great deal of thinking while miking a good living. And when I look at the product I help make r am pleased that I am able to be making something which people need." 1 am sure that not alt people in production would give the same type of answer, but I do believe his view is there typical than that of those who belabor the theme of monotony and lack of pride in individual workmanship. Q. What is your view about legislation aimed at restricting operations of multinationals? A. l^jS^ll|tHlll ''^i|^i ! ,w^uld restrict foreign operation of U.S. corporations would Cause serious damage to tht nation's economy, ttnaetmtfit^ such legislation would rediice~rath- er than intire*se~4he number of Jobs in this country. A recent aurvey of 17 multlrtitlonal companies in tht Akron trading area showed lhat Juoh a law eventually would force those firms to eliminate 6.W0 area jobs, or 10.6 per cent of their combined area work force. Q. Proponents of such legislation argue that multinationals See 'Businesses'- _ . (Continued on Page 21) •IT THI UIRTER mnsTER •fftroartadreeJfer' _ , TOILET TANK •ALL Tht tflklftnt W«t»r M «t«r Inttantly tMpt Id* tow of w«t«r after aoch fluihiitf. Tit AT HARDWARE STORIS •:,t» HEY GIRLS! WINNER V&wt LOVES YOU TOO Come on in TODAY and let us help you with all your automotive needs. Model 3134 • TfMl STEIIO PLAYIR $3995 w WITH SPf AKERS M W£ INSTALL EVERYTHING WE SELL M >mrms+ from*39 95 J 95 hi-jackers $ 3i SMCta? '24S5 pr Valve Covers * Small Block Chevy '19* • hompson CALDUSTOM Small Block Chevy O jl KENDALL, QUAKER, "VALVOUNE 49 (J Racing Oil 59tfl .'•"9 v -.1 :-.«*» »".*•* • rut -.5* X LiUAflmr' BATTERY ZJVnBanBK MAMP in | TIRES L60-14 $34.95 14X7—$32.95 14X8—$37.95 15X7—$34.95 14X10--M4.9S 15X8—144.95 15X4—$34.95 15X10-$49.95 CRAGAR WINNERS wi W h , 14-6 $3495 '14X6—$34.9515X6—$34.95 f/ 14X7—$39.95 15X7—$39.95 f 14X8—$44.95 15X8—$49.95 15X4—$39.95 15X10- -$59.95 MOW At FOUR Loations [k Open eyery day 9 7 9 Jolitt Kankike* Peoria Galesburq OPEN SUNDAYS 27 E. CASS 251 S. SCHUYLER 804 MAIN 154 W. MAIN (815)727-6331 (815) 939-4573 (309) 674-6262 (309) 342-9161 >fappu- 9fow£ fat... MOTHERS Wra your local hard* wan iMrthairt with big national chain buying power—we buy for less, nil to you for Ions! ^HARDWARE STORES, A What to give Mom for Mother's Day? Gin her a new labor-saving appliance to help her with her homework. You'll find one sure to please her in our big selection. Hera ire just a few fJft sufiastiont. ScoodlOs. Lazy Day Cooker Ideal for beans! Cook slowly all day for better flavor and nutrition. Decorated earthtone porcelain finish matches SCANDIA coofmare at right 6qt capacity. 7-PC. SCANDIA COOKWARE SET Handsomely designed full-contour shapes have an elegant, hand-crafted look. Warm earthtone porcelain finish outside; pure white porcelain finish inside; accented with stainless-steel rims. Set includes and 2%-qt. saucepans, both covered; 5%-qt Dutch' oven and 9%" skillet share cover. 19-3 CANISTER VACUUM Lightweight vac with powerful 1-HP motor! Easy roll wheels, step-on switch, sturdy all-steel construction. VC11 Large beaters and pushbutton ejection make it efficient, thumb- tip control makes it easy. Gold or avocado. H7AV/HG SHOT OF STEAM Use as steamer to remove the wrinkles from clothing, drapes, | etc. Can also be used as a steam or dry iron. SW1 CORNINC+WARE IB 88 QUARTET SET CORNFLOWER BAKEWARE They're more than just pretty dishes—they cook as good as they look; go safely from freezer to oven. Set includes and 2 -qt. saucepans plus 10" skillet, -all covered. A44/4/8 Blue Cornflower IMS Floral or Spice design 22 .18 Self-Cleaning IRON Button flushes lint and mineral deposits thru vents to eliminate brown spotting and lengthen iron life. F110WH 2018 Qsier. CAN OPENER Open cans with no bother—just touch the lifter and cans spin open. Choice of handsome avocado or gold case. 538-04/05 WeSTB €ND 2995 TOntTMRSTER 12»8 299» Drip COFFEEMAKER Eliminates the bitterness of perking. Makes 2-8 cups of delicious coffee—one every 90 seconds. Includes glass carafe. 5950 9-CUP PERCOLATOR Brews five to nine cups of delicious coffee, then keeps it hot for hours. Choice of colors on aluminum. 19460/1/2 CUSTOM BROILER Compact—put it right on the table for broiling ease. Toasts, grills too! Thermostat control (200-450°). 5214 High-Dome FRY PAN Easy-to-clean stainless steel with even-heating aluminum bottom. "Perfect heat" control. 12" round. 312SP BROTHERS 9A.M. to5P .M Downtown Galesburg Main & Seminary

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