MANAGEMENT: After the Third Highball

"Too many men in American industry think of free enterprise as a hunting license, as something they use to get what they want for themselves. [They don't] measure up to the responsibility side of free enterprise, which requires standing on your own feet." Thus last week Inland Steel Chairman Clarence Randall, who is also an adviser on foreign economic policy to the Administration, lashed out at "those who sabotage" free enterprise.

There are too many businessmen, said Randall before the 81st annual meeting of the American Bankers Association, who "boast of free enterprise" while they "sabotage the competitive system." The...

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