The Great Growth Debate

Don't tell Dana G. Mead that the U.S. economy can't grow faster. The Tenneco Inc. chief executive has seen his company's efficiency surge since it reorganized, cut its payroll by more than a third, and invested heavily in everything from shipyards to office automation. With similar gains spreading throughout Corporate America, "there's no reason why we can't get growth back to what we're used to in this country--3.5% [a year] or more," says Mead. "We've got the industrial wherewithal to do it."

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