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Henry Taub. Henry Taub (September 20, 1927 – March 31, 2011) [1] was an American businessman and philanthropist of Hungarian - Jewish descent who was a co-founder of ADP . Raised in Paterson, New Jersey, Taub attended Eastside High School. [2] Taub was educated at New York University. He graduated from NYU in 1947 with a degree in accounting. [3]
In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately US$400,000. [3] The company established a subsidiary in the United Kingdom in 1965.
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In a memo obtained by the Detroit Free Press, GM's salaried workforce to get base wage increases, added contributions to 401(k) plans and other perks. Raises, increased benefits coming to nonunion ...
GM would pay higher wages but refused to consider power sharing; the union finally settled with an eighteen-and-a-half-cent wage increase but little more. The UAW went along with GM in return for an ever-increasing packages of wage and benefit hikes through collective bargaining, with no help from the government. [citation needed] New leadership
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