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Article: Friends in high places. (Thortec International's Arthur Stromberg negotiates foreign contracts)
- Article from:
- U.S. News & World Report
- Article date:
- March 7, 1988
CopyrightCOPYRIGHT 1988 All rights reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A portrait of George Washington hangs above the desk of Arthur Stromberg, the 59-year-old head of Thortec International in San Mateo, Calif. Unlike the Founding Father, who cautioned against foreign entanglements, Stromberg's success as a CEO depends on just that: Negotiations with officials and government agencies all over the world are the lifeblood of his company.
In the Philippines, Stromberg's political deftness led to a $2.5 million road-imp0rovement contract and a $500,000 deal to repave Manila Airport's runways-worked out with the Aquino government despite previous ties with the Marcos regime. Current projects for Thortec, an engineering, ...