Business & Finance: 11 1/2% of the World

11½% of the World

Two stanch believers in the committee as an administrative form are Standard Oil Co. (New Jersey) and the Union of Soviet Socialist Republics. In operating efficiency the two show considerable variation. Dating back to the days when the late John Davison Rockefeller met almost daily with his partners to chart the devious course of the old Oil Trust, Standard's devotion to committees is even carried into executive functions. Standard's president is chief executive officer but there is also an active, working chairman. For a long time this executive team has...