|
|
- NEWSLETTERS
- MOBILE APPS
-
ADD TIME NEWS
Personalities: Nov. 1, 1963
COUPLING yesterday's sense of thrift with today's management-by-computer techniques, John Eldred Swearingen, 45, has sharply raised earnings in the five years that he has been president of Standard Oil (Indiana). Last week he took pride in a 35% earnings jump to $140 million for the first nine months of 1963, and in winning a big oil concession in Egypt. One of the youngest men ever to head a major U.S. oil company, South Carolina-born Swearingen joined Standard as a chemical engineer at 20, rose through research and production to become president at 39. He has drastically consolidated a sprawling organization, using automation to chop the work force by 25% while increasing output. In his office overlooking Lake Michigan, Swearingen himself writes the president's column for the company magazine, expressing bluntly conservative views. He travels often, tending Standard's interests from Iran to Australia. Home is a suburb north of Chicago, with a wife and three daughters.
HARDLY more than a long line drive away from Minneapolis' Metropolitan Stadium is the home office of Control Data Corp., a computer manufacturer whose stock has soared 270% in the past year. The location is no coincidence, for President William C. Norris, 52, is an ardent baseball and football fan and an exhaustively meticulous planner. He keeps the company's growth timetable projected for years ahead in a top-secret, five-inch-thick notebook. Such elaborate forethought has paid off. In six years since he left Sperry Rand's Univac division to start on his own, Norris has made Control Data into a company with yearly sales of more than $63 million; last week he announced the purchase of the California-based control-systems division of Daystrom Inc. A quiet man, shy to the point of brusqueness, Norris is an engineer with a flair for recruiting, training and keeping good people who are given modest salaries but generous stock options. Norris delegates authority "as low as possible in the organization," adheres to strict office routine that allows him time for "lots of family life" with his wife and eight children.
Most Popular »
- Can Attack Dogs Be Rehabilitated?
- The Growing Backlash Against Overparenting
- Rachel Uchitel: Tiger Woods' Alleged Mistress
- An Italian Town's White (No Foreigners) Christmas
- What to Do About Europe's Secret Nukes
- Why Fritz Henderson Is Out as GM's CEO
- Why Ireland Is Running Out of Priests
- The '00s: Goodbye (at Last) to the Decade from Hell
- Feeling Alone Together: How Loneliness Spreads
- Could the White House Party Crashers Go to Jail?
- Feeling Alone Together: How Loneliness Spreads
- Paris: 10 Things to Do in 24 Hours
- New Evidence That Early Therapy Helps Autistic Kids
- Can Dopamine Make Your Future Look Brighter?
- For Churches, Beefed-Up Security Is a Mixed Blessing
- The Secrets Inside Your Dog's Mind
- Black Friday
- Looking for Solutions to the Catholic-School Crisis
- The Truth About Teen Girls
- Workers of the World vs. China Inc.





RSS