CORPORATIONS: Through a Stone Wall

Tough-minded Textileman Royal Little, 58, says he got bald the hard way: by "butting into stone walls." As boss since 1928 of Textron, Inc., he built up a $55 million firm on the theory that what the textile industry needed was a fully integrated company that produced everything from the staple to such finished goods as negligees, blouses and bedspreads. Until 1948 the theory worked well, and Textron prospered with the rest of the textile industry, but when the industry went into its postwar slump Textron's profits turned to losses. Little found out that in the textile field, especially...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!