- 28 - Whatever lingering effect Mrs. Harrison’s conservative business philosophy may have had on the decisionmaking process, it appears that her responsibility for and influence over the actual decisions of the board were sharply limited in practice. Mrs. Harrison acknowledged that, shortly after her sons joined the business, they became the “supervisors of the company”, and she and Mr. Harrison became primarily responsible for paying bills, keeping track of collections, and keeping the books. She further acknowledged that major decisions requiring board approval (such as approval of trash hauling contracts or truck or other equipment purchases) had been “pretty well thought out” by her sons so that, with the exception of one proposed purchase of trucks in the mid-1960s, she never dissented. Even when she initially had doubts concerning a proposal of one of her sons, her sons were able to win her over to their position. Myron testified that, in connection with the guaranteed loans, Mrs. Harrison attended meetings with the Bank of America that were held “after most of the decisions were made, for the final decision”. The overall picture that emerges is of a company run during the audit years (and for many prior years) by Mrs. Harrison’s sons, each of whom was responsible for managing a key operational function (Myron, finance; James, general operations and contracts; Ralph, equipment purchasing, maintenance, and refurbishment) and for the development of all major businessPage: Previous 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Next
Last modified: May 25, 2011