10
OLIN’S LONG-TERM GOALS, OBJECTIVES
ARE PRESENTED AFTER LONG STUDY
Olin Corporation’s existence is dependent
upon having the respect and support of four
groups—its customers, employees, share
holders, and the public, which includes the
citizens of each country in which we do
business. For us to have a satisfactory future,
we must continuously earn the support, re
spect, and approval of all four groups. This
requires that Olin:
Olin’s long-term corporate ob
jectives were outlined formally at
the quarterly communications meet
ing held at the Stamford head-
quarters in January. John Henske,
president, discussed the objectives
and explained how Olin will address
its four basic audiences in striving
to achieve its goals.
Chairman and Chief Executive Of
ficer James F. Towey pointed out
that “these objectives were agreed
upon after a great deal of discussion
and soul-searching by the top man
agement in this company. To me,”
he said, “they represent the back
ground against which I expect the
Chief Executive Office to make de
cisions and the background against
which I expect group presidents to
make decisions ... I don’t think there
is any question but that we are going
to move this company forward.
More particularly, we are going to
move it forward with a common set
of objectives, a common set of
goals, a common set of interests.
So you can test me against those
objectives any time you want and
you can be sure that I am going to
test you against those objectives.”
At right are Olin’s view of the aud
iences to which the company ad
dresses itself as a corporate entity,
and the objectives developed by
several echelons of management.
For customers
Be a reliable preferred supplier of products and
services.
For employees
Offer stability of employment, fairness in pro
motion, and opportunity for individual growth.
For shareholders
Offer both security of principal and competitive
return through a combination of increased value
of stock and dividends.
For the public
Conduct all of its business affairs not only in a
legal manner but in a morally acceptable man
ner. Olin must be a good neighbor.
Olin’s long-term corporate objectives and its interim goals must meet all
of the obligations imposed by each of the four groups.
Corporate Objectives
To achieve continuing long-term growth in earnings and a
record of financial stability that attracts to Olin the capital—
equity and debt—required to support its growth.
To concentrate our efforts in business and product areas in
which Olin can realistically expect to achieve a leadership
position and in which leadership will be rewarded.
To offer our products and services wherever in the world Olin’s
operations can be consistent with its management principles
and corporate objectives.
To have a working environment in which each individual is
treated with fairness, that encourages and rewards excellence
and stimulates maximum growth of the individual.
To anticipate the needs of the future sufficiently well to
develop the human talent necessary to remain and be a leader.
To be a responsible corporate citizen.
A covered dish luncheon in the
Training Center was scene of F. L.
“Buck” McCall’s farewell words to
Group staff and personnel of the
Employee and Community Rela
tions Department, on his retirement
the end of February. Expressing
thanks for the fishing tackle he
received as a farewell present
from employees throughout the
Fine Paper and Film Group, McCall
spoke also of the close relationship
between Olin, employees, and the
community, expressing his confi
dence that this mutual dependence
will continue for the benefit of all.
Sharing the table with McCall and
his wife were Garza Baldwin, Jr.,
left, president of the Fine Paper
and Film Group; Tom Crawford,
employee benefits supervisor,
easily recognized from the back be
cause of the fit of his shirt collar;
and John S. Candler, director of
employee and community relations.