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Founders Day 2009~ What is the Status of the Management "Partnership"
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<blockquote data-quote="pretzel_man" data-source="post: 590344" data-attributes="member: 927"><p>In 1962, Casey transferred responsibility to George Smith. Here are Casey's words:</p><p> </p><p><em>"I began many years ago to transfer my executive responsibilities to George D. Smith. In recent years he has been our chief executive in nearly every way except as to title. So now it is time for him to have the title, too. It has been decided that he will be Chairman of the Board of Directors, a member of its Executive Committee and Chief Executive of our Company."</em></p><p> </p><p>Here are Casey's words five years later in 1967:</p><p> </p><p><em>"Five years have passed since I gave up administrative responsibilities in our company. Since then I have been a spectator, while you and others have managed our affairs.</em></p><p><em>In those five years we have expanded into new areas comprising about 1,000,000 square miles in 28 states. Sixty-three thousand new customers have been added, and our service has been made more valuable to old and new customers alike. Good jobs have been provided for 15,000 additional people. Many hundreds of new positions in our management organization have been created. Our company does <strong>2½ times as much business as five years ago.</strong> In these last five years our total revenue was as much as in the first 54 years of our existence."</em></p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 590344, member: 927"] In 1962, Casey transferred responsibility to George Smith. Here are Casey's words: [I]"I began many years ago to transfer my executive responsibilities to George D. Smith. In recent years he has been our chief executive in nearly every way except as to title. So now it is time for him to have the title, too. It has been decided that he will be Chairman of the Board of Directors, a member of its Executive Committee and Chief Executive of our Company."[/I] Here are Casey's words five years later in 1967: [I]"Five years have passed since I gave up administrative responsibilities in our company. Since then I have been a spectator, while you and others have managed our affairs.[/I] [I]In those five years we have expanded into new areas comprising about 1,000,000 square miles in 28 states. Sixty-three thousand new customers have been added, and our service has been made more valuable to old and new customers alike. Good jobs have been provided for 15,000 additional people. Many hundreds of new positions in our management organization have been created. Our company does [B]2½ times as much business as five years ago.[/B] In these last five years our total revenue was as much as in the first 54 years of our existence."[/I] P-Man [/QUOTE]
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Founders Day 2009~ What is the Status of the Management "Partnership"
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