General Motors' Board Chairman Alfred P. Sloan Jr. has long been convinced of a couple of facts of industrial life: too few engineers know much about business, and too few executives know enough about science. M.I.T. Alumnus Sloan (1895) has already given his alma mater $600,000 to finance courses that would train students in both. Last week he went a huge step further. The step: a gift of $5,250,000 for a School of Industrial Management.
About half the money will go for housing and equipping the school. The rest will go for staff and...
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