Galesburg Register-Mail from Galesburg, Illinois on May 24, 1973 · Page 10
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May 24, 1973

Galesburg Register-Mail from Galesburg, Illinois · Page 10

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Galesburg, Illinois
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Thursday, May 24, 1973
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10 JkiteshiuyQ ^a ^|tff*MoH # Galesburg, ITT Head- IhuM ^y# Moy 24, 1973 All Work No By DEAN C. MILLER NfiW YORK (UP!) - It's lift} that he's in executive who thinks ofity of work. Yet He likes to strum a banjo, listen to frit music and try to break 104 at golf. He earned $813,311 last year running International Telephone & Telegraph Corp.'s 250 companies in 90 countries but probably spent little of it. Not enough time. He works an 80- hour week. He is Harold S. Geneen, 63, chairman and chief executive of ITT, ninth largest industrial company in the country with $8.6 billion in sales, the third largest industrial employer With a work force of 428,000. Because he insists on personal monitoring of the ITT empire, from Brussels to Bangkok, Geneen seldom gives interviews. And he practically never speaks about Geneen, the man. He considers that a waste of time and uninteresting to most people. He Finally Consents In December, 1972, UPI started trying to change Geneen's mind. He finally consented to a session in his 12th-floor Park Avenue office. At it, Geneen talked and waxed many philosophical about things, Including himself He talked, among other things, about the country's waning position in world markets, corporate responsibili ty in social areas, "screw balls," boating and fishing and what he'd like to do when he retires. Q—'Do. you feel America is being seriously challenged for the business leadership of the world? What can we do to maintain our leadership? A—There is no question that America is being seriously challenged. In some respects we are losing ground. If one talks about the "beachheads" established in various parts of the world by multinational companies, American business and capital set the pace. The multinational which establishes itself as a responsible corporate citizen tand becomes part of host countries is welcome and accepted on that basis. Business feels strongly that this is the only way we can compete in these markets. Obviously it Would be much simpler to export from the U.S. American "management" methods and abilities are still unchallenged, are but American "costs" definitely under challenge. Q—Corporate responsibility is a buzz phrase today. How far do you feel that responsibility should extend? To the point of possible negative effects on shareholders? Or what? A— 1 said last year and the year before and I'm going to say it again. I think our biggest social contribution . is the creation of jobs, real jobs, sound jobs that make us competitive m we don 't have to close up factories tomorrow morning. Q— There is some belief that the federal government caters to business interests. Do you feel that there is another side to that belief? A—Yes I do. Actually, business has been on the defensive for some time in its relation to the'U.S. government. This has been occasioned by the almost overwhelming importance at tached to both labor and consumer interests. Since they represent much more political strength' in terms of numbers, they carry more weight. The unfortunate part is that most of our basic economic problems are not fully explained or understood by either govern­ ment, business, labor or the public. Q—Mr. Geneen, you have a reputation, aside from bril liance, of being a coldly efficient driver interested primarily in work. Is that a fair appraisal? A—Not true. Let me put it simply. I feel we have a responsibility, and we carry it out. I would much rather go out fishing or a lot of other things. But when we have a job We must do it. Now you asked about the suitcases down there in my office. I didn't want to spend all my weekends in this New York office, so I take my work with me ... in those suitcases. Q—How many hours would you say you work daily? A-Well, I probably put in 10 or 12 hours per day, five days a week. On weekends I probably put in eight hours. So I probably average 60 or more hours per week. (Ed: Associ­ ates say he works About 80 hours per week.) , Q-You already have mentioned some of your hobbies. I heard somewhere that you're a musk buff. Is it true you play the banjo? A—Well, I used to play but I haven't had time lately. I wasn't too good at it. I really play for my own amusement. Q—Don't you have quite a collection of jazz records? Likes OH-Fashioned Jazz A—Not really a collection. I do like oM-fesWoned jazz. I often tape good records and play them back when I'm travelling. Q—You have to keep healthy if for.no other reason than the responsibility you have to so many people. Do you have any special program for staying fit? A—I do a lot of outdoor f l|||jf |p' * H • wl! ' ik A JW,.. „,,,, %| , - ,., Geneen at Play Lorenzen Is Re-Elected Dohrn Head George A. Lorenzen was reelected president of Dohrn Transfer Co. at the firm's annual meeting Monday night at Rock Island. Other officers re - elected were Chester S. Bates, vice president — operations and maintenance; Lloyd R. Larson, vice president — marketing; William P. Herbst, vice president — claims and communications; Walter J. Leahy, vice president — traffic; James A. Burgmeier, vice president — western region; Jerome W. McCormick, vice president — eastern region, and James L. Oliger, vice president — data processing. Richard G. Greer was reelected secretary, and Dohald J. Holzinger was re-elected treasurer and controller. Mrs. Doris M. Weis was elected to the position of assistant secretary. She is the first woman to serve as an officer for the large Midwest carrier. Wayne E. Dohrn was reelected chairman of the board of directors. Local Realtors Guest Speakers At CSC Class Two Galesburg realtors, Audrey Glas and DarreU Lovell, were guest speakers Monday night at a real estate class at Carl Sandburg College. Representing the Galesburg Multiple Listing Service, the two realtors discussed the advantages of being a MLS member and also the mechanics of its operation. The class is made up of people preparing for the Illinois real estate license examination. Frank Coleman Koppers Retiree Is Announced Frank Coleman, 1000 Emery St., has retired from Koppers Co., Inc., Forest Products Division, of near Galesburg, after 27 years of employment. Coleman, an Oklahoma native, had been employed by various companies in the timber treating industry before joining the old Burlington Northern tie pl^nt in 1946. He continued working as custodian at the railroad tie manufacturing plant when the Koppers Co. acquired the firm in 1967. Coleman received a cash gift from fellow employes whihc, he reported, will be used to buy a rocking chair and sun shade. Hot, Cold Spots NEW YORK (UPI) - The highest temperature reported to the National Weather Service Wednesday excluding Alaska and Hawaii was 100 degrees at Blythe, Calif. Today's low was 32 degrees at Alamosa, Colo. Some snakes have lived for a year or more without food by absorbing their own body fat. Business Briefs Gates Exceeds V2 Billion DENVER, Colo.-For the first time in its 62-year history, Gates Rubber Company's sales exceeded one half billion dollars in fiscal year 1972. Sales of the parent rubber company and its subsidiaries totaled $543,400,000-an increase of 14 per cent over the previous year. Gates Rubber Co., the nation's sixth largest manufacturers of rubber products, reported sales of $353,200,000—an increase of 12 per cent over last year, while sales by the subsidiaries were up 19 per cent to $190,200,000. Charles C. Gates Jr., president of the firm, is "confidently predicting another good year for 1973." He said the company's projection for over-all sales in the next 12 months was $625,200,000. Resident Joins Office Robert O. Jones, 503 Kings Canyon Blvd., has joined the Consumer Loan Department of American Savings Bank in South Chicago Heights. Prior to joining the bank's staff, Jones spent 10 years with CIT Financial Services, the world's largest independent consumer finance organization. His managerial duties with CIT included acting as branch and district sales manager of eight banks in Illinois and Iowa. Galesburg Men at Council William J. Smith, William E. Hughey, William Schroeder and Ross C. Kilpatrick were Galesburg representatives May 17-19 to the 77th annual Grand Council Session of the Illinois Jurisdiction of The Order of United Commercial Travelers of America held at the Peoria Hilton Hotel. The United Commercial Travelers of America is a fraternal benefit society. Its members are organized to provide civic service through programs such as aid to retarded children, safety education, cancer education and youth, enrichment. Huddle Attends Seminar Robert Huddle, owner of Huddle Photography Studio, 715 W. Losey St, this week attended a 2-day seminar on photography in Rock Island. Huddle served on a panel discussing lighting techniques, print retouching and merchandising. On Tuesday participants from Iowa, Illinois and Indiana studied the. taking of wedding photographs with available light. (Continued on Page 16) Corn Company Names Manager Crow's Hybrid Corn Co. has announced the appointment of Donald Boyer as district sales manager in Knox, Henry, Rock Island, Mercer, Warren and Henderson counties. The new manager, former livestock and grain farmer from near LaFayette, will make his headquarters in Galesburg. Boyer has been associated with agriculture for 26 years. He has been a district manager for both feed and corn companies. Harold S. Geneen, right, chairman and chief executive of International Telephone & Telegraph Corp., gets some tips on how to hit clay birds on a chusetts where UNIFAX trapshooting range in Massa- he has a summer home. Title of Registered Jeweler Is Bestowed on Eichhorn "l . ;.,||||:|| >( • •!"• •'iS 'lililll I": *H Ilk.\ y -'r Robert Eichhorn Robert G. Eichhorn of Eichhorn . Jewelers, 250 E. Main St., has earned the title of registered jeweler, the American Gem Society announced today. "Mr. Eichhorn has qualified as a registered jeweler through his personal desire to increase his knowledge of gemology, and the store's method of doing business which coincides with the principles set down by the Federal Trade Commission, the Better Business Bureaus and the business ethics of the American Gem Society," Ar-* thur F. Gleim, president of the international society of jewelers, said. Eichhorn earned the title of registered jeweler after studying basic gemology and completing a comprehensive written examination on the science of identifying and eval; uating diamonds and other gem stones. WINNERS SPRIHG TRUCKL0AD AUTO PARTS SALE MOTOR QIL'oa* KENDALL, QUAKER, O <7 <f VALVOLINE Racing Oil 4% • • Mulliwtight • Gabriel hijackers $29" lj Striders d '24.95 i SPARK • PLUGS 69* AC Aulelili Champion VHMAfj OIL FILTERS .V/ $-199 'MM 1 m MasterShifU $34 95 Competition/Plus $54 95 Super/Shifter 2 ™*CO 95 RA/MB FIREBALL ams* $29.95 CAN-AM Kits $ AQ 95 Most applications 59 W/T sport 60 B60-13 E60-14 G6044 J60-14 L60-14 G60-15 J60-15 L60-15 D70-I4 E70-14 F70-14 G70-14 H70-14 F70-15 G70-15 H70-15 ..BELTED 60 650-13 $29 735-14$30. 825-14 $35. 885-14 $38. $39. 825-15 $35. 885-15 $37. 915-15 $40. W/T SPORT 70 695-14 $23. 735-14 $24. 775-14 $24. 825-14 $26. 855-14 $27. 775-15 $25. 825-15 $26. 855-15 $28. .95 $2.21 72 $2.85 11 $3.11 74 $3.62 69 $3.56 25-$3.18 56 $3.50 98 $3.56 37 $2.27 10 $2.49 97 $2.57 01 $2.79 36 $2.98 87 $2.66 83 $2.90 05 $3.06 a EDELBROCK... TARANTULA J^^95 fa CRAGAR i Small Block Chevy imu "Hot Pipe*" HEADER $59 95 US Mags $2750 Arrve>rLocun CRAGAR 14-7 zoos . 14-7 »34» 4 PPLHNC $ 34** " *34* 5 WINNERS HOW At FOUR Locations \+Open every day 9*9 Joliot Kankakee Peoria Galesburq OPEN SUNDAYS 27 E. CASS 251 S. SCHUYLER 804 MAIN 154 W. MAIN tk A kA « tBt •* . (815) 727-6331 (815) 939-4573 (309) 674-6262 (309) 342-9161 «WI • P ,M,

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