“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.”

Source: My Years with General Motors, 1963, p. 387 (1964 edition)

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Alfred P. Sloan47

American businessman 1875–1966

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Alfred P. Sloan47

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