Word: ackermans
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Greyhound's turn to diversification began in 1962, when Chairman Frederick W. Ackerman, fearing a leveling off of bus travel, began searching for new uses of Greyhound's cash. His first bet became a bonanza. For $14.7 million in stock, Greyhound bought San Francisco's Boothe Leasing Corp., which had been earning $400,000 a year mainly by leasing railroad freight cars and locomotives. Ackerman began buying jetliners-and made money when the credit-shy airlines started cashing in on the jet age. The subsidiary's earnings have zoomed 1,300%, to $6.2 million...
Fascinated with the success of that venture, Ackerman called in Trautman, then a San Francisco lawyer, set him to reorganizing Greyhound as a holding company. In quick succession, Greyhound picked up an industrial catering company that feeds workers at General Motors, hospitals and other institutions, a Manhattan fire and casualty insurance company, a Southeastern chain of restaurants and gas stations. It bought Travelers Express Co., the U.S.'s second largest money-order firm (after American Express) in 1965, last year set up an $85 million computer-renting subsidiary. Greyhound is even in bus building, set up Motor Coach Industries...
...James S. Ackerman, professor of Fine Arts and chairman of the New England chapter of CRIA, will deliver the first lecture at 8 p.m. Monday in the Fogg Art Museum...
...HOPE PRESENTS THE CHRYSLER THEATER (NBC, 9-10 p.m.).* Cliff Robertson, Jo Van Fleet, Michael Sarrazin, Michael Constantine and Bettye Ackerman star in "Verdict for Terror," the story of a bizarre trial and its aftermath-in which the son of an executed man tries to prove that the prosecuting attorney went too far in order to advance his political career...
...James Ackerman, Chairman of the Department of Fine Arts, is chairman of the Boston local committee. Donations are desperately needed; they are tax deductible and should be sent to the C.R.I.A in care of Fogg Museum. The restoration of the works is urgent. Much of what is salvageable needs immediate care; oily accretions must be removed before the soaked works dry and are irreparably damaged. Contributions should be sent without delay...