Business Consulting
Magaziner went on to work for the Boston Consulting Group in Boston, London and Tokyo from 1973 to 1979. He founded Telesis in 1979 and built it into a respected international firm with offices in the U.S., France, Japan and Australia. Magaziner sold Telesis in 1986 to Towers Perrin Inc. and managed the U.S. strategy practice for Towers Perrin from 1986 to 1989. Throughout his consulting career, Magaziner's client list has included General Electric, Corning Glass, the Governments of Ireland and Sweden and other high-tech manufacturing and health care companies.
Magaziner also has had significant influence in Rhode Island. Working alongside Governor J. Joseph Garrahy, he devised a state economic plan, known as the "Greenhouse Compact", which, upon approval by the voters, aimed to resolve several key economic issues in the state, to create several business "incubators", and to stimulate state exports. While initially popular among state legislators, and some civic and business leaders it was ultimately voted down by referendum. Magaziner and his family continue to support prominent Democratic Rhode Island politicians and other social causes, including the Rhode Island Food Bank.
Magaziner has authored two books on business strategy and industrial policy: Minding America's Business and The Silent War. The former, co-authored with future Clinton Secretary of Labor Robert Reich, laid out a plan for U.S. industrial policy in the late 1970s and early 1980s, and received critical acclaim. Emphasis was placed on eliminating subsidies for inefficient American industries, and applying fiscal and industrial policy strategies to stimulate growth in sectors for which the U.S. had "cost-advantage." The Silent War, co-authored with Providence Journal columnist Mark Patinkin, tells the story of international business competition in the early 1990s, and Magaziner's experiences in dealing with different countries' relationships to their corporate base.
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