Buku Distant force : a memoir of the Teledyne Corporation and the man who created it, with an introduction to Teledyne Technologies by unknow

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Distant force : a memoir of the Teledyne Corporation and the man who created it, with an introduction to Teledyne Technologies by unknow

Author:unknow

Language: eng

Format: epub

Tags: Singleton, Henry Earl, 1916-1999, Roberts, G. A. (George Adam), 1919-, Teledyne, Inc, Businessmen, Industry

Publisher: [S.l.] : George A. Roberts

Published: 2007-05-26T19:00:00+00:00

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Distant force : a memoir of the Teledyne Corporation and the man who created it, with an introduction to Teledyne Technologies by unknow

Our Second Decade: Growth Without Major Acquisitions

A very significant meeting of our executive staff took place at Rancho Bernardo on July of that year, on Teledyne’s 15th anniversary. At this meeting Henry introduced our new concept of the “Teledyne Return,” which I have described earlier, and I presented a detailed history of our financial system and its emphasis on profits and net cash flow. I also presented a five-year financial ranking of all Teledyne companies and all our Groups, based on the concept of the Teledyne Return, and used it as an example of how one can decide between choices of investment, and the decisions facing company managers each week.

TRAP: Teledyne’s Research Assistance Program

 

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Distant force : a memoir of the Teledyne Corporation and the man who created it, with an introduction to Teledyne Technologies by unknow

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Distant force : a memoir of the Teledyne Corporation and the man who created it, with an introduction to Teledyne Technologies by unknow

 

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Distant force : a memoir of the Teledyne Corporation and the man who created it, with an introduction to Teledyne Technologies by unknow

Author:unknow , Date: July 11, 2019

,Views: 9

Author:unknow

Language: eng

Format: epub

Tags: Singleton, Henry Earl, 1916-1999, Roberts, G. A. (George Adam), 1919-, Teledyne, Inc, Businessmen, Industry

Publisher: [S.l.] : George A. Roberts

Published: 2007-05-26T19:00:00+00:00
Our Second Decade: Growth Without Major Acquisitions

A very significant meeting of our executive staff took place at Rancho Bernardo on July of that year, on Teledyne’s 15th anniversary. At this meeting Henry introduced our new concept of the “Teledyne Return,” which I have described earlier, and I presented a detailed history of our financial system and its emphasis on profits and net cash flow. I also presented a five-year financial ranking of all Teledyne companies and all our Groups, based on the concept of the Teledyne Return, and used it as an example of how one can decide between choices of investment, and the decisions facing company managers each week.

TRAP: Teledyne’s Research Assistance Program

It was at this meeting that Henry and I also introduced a program designated as TRAP, which stood for Teledyne Research Assistance Program. Under the direction of Jack Hamilton, this program was designed to promote cooperative research between individual Teledyne companies and institutions of higher education. Teledyne companies were encouraged to propose research projects, on subjects of interest to them, to be carried out in cooperation with selected universities. If approved, these projects were funded by the corporate office, with a general limit of $35,000 per year for each project, with a three-year maximum. TRAP continued until 1996, a period of 20 years, during which time 320 projects with an overall cost of $14.2 million were carried out. Approximately 80 Teledyne companies and 112 US universities participated in the program, with six institutions participating in 10 or more projects each. The American Graduate School of International Management in Phoenix, Arizona, for example, participated in 40 projects with teams of gradu-

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