"I then went on to suggest that we make a serious effort to gauge the demand over the next five to ten years, and make plans to meet that demand. In building new facilities, I suggested that we "use corporation funds for such new plants needed for armament if that gives us better control over same from the long term position in relation to the master plan." Accelerated depreciation made the use of corporate funds all the more feasible, and relieved the government of the necessity of providing capital for the plants."
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Businesspeople from the United StatesMechanical engineersPhilanthropists from the United StatesPeople from New HavenBusiness theorists from the United States
Original Language: English
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p. 387 (1964 edition)
https://en.wikiquote.org/wiki/Alfred_P._Sloan
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Alfred P. Sloan
Alfred Pritchard Sloan, Jr. (May 23, 1875 – February 17, 1966) was an American business executive in the . He was a long-time President, chairman and CEO of .
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