Posted by Goose on February 09, 2012 at 15:36:43 from (173.190.237.126):
Back in the mid 1970’s, a gentleman by the name of Robert Townsend took Avis out of their financial doldrums and put them second to Hertz in the car rental business. Townsend subsequently wrote a book entitled “Up The Organization” relating his experiences at Avis.
When Townsend was made President of Avis, he set his own salary at a modest $30,000 per year. The Board of Directors told him it wasn’t enough, he should pay himself at least $50,000. Townsend’s response to the Directors was, “Right now you can’t afford to pay me $50,000. When I get this company turned around and profitable, we’ll talk about a pay raise”.
Wouldn’t it be nice if the same level of honesty and integrity prevailed in Corporate America today?
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Today's Featured Article - The Fordson F Ignition System - by Anthony West. A fellow restorer contacted me earlier this year asking for some help and advice on a model F that he was restoring. He had over a period of months spent a fair amount of his hard earned cash on replacement parts for the old "trembler" ignition. Sadly though all his efforts seemed to be a waste of time and money as he still couldn''t get the temperamental old thing to run correctly!! If i said that this was a little frustrating for him that would be "conservative" in fact the problem had reduce
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