Word: autostrop
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Again, Gillette. Once again last week the affairs of Gillette Safety Razor Co. were dragged into the open. Ever since the merger with AutoStrop Safety Razor Co. was announced (TiME, Dec. 1) a small group of Gillette shareholders has complained vociferously about the financial ramifications of the deal. Last week 18 attorneys were present as the first hearings were begun on a suit by which the minority hopes to have certain directors return $21,000.000 to the company. Directors who must defend their directing include King Camp Gillette, formerly of Boston, now listed as "of Hollywood"; Banker John Edward Aldred...
...company is also having its troubles. A $10,000,000 damage suit has been filed against United Cigar Stores which in turn has filed a $7,000,000 countersuit. Last week the company planned to shut down its big Boston plant to facilitate the removal to Boston of AutoStrop's Brooklyn equipment...
...that Mr. Lambert has disposed of some of his Lambert holdings and acquired a large interest in Gillette. Last week Gillette was glad to announce it has increased its payroll by 30%. In the chairmanship is Henry Jaques Gaisman, previously on the executive committee, and before that head of AutoStrop Safety-Razor Co. He is active in the company's new management. With long experience as an inventor and razor technician he can face such problems as arose last month when American Safety Razor Corp. put a new Gem on the market. Banker John Edward Aldred resigned last fortnight...
Gillette and Autostrop (razors), October...
...recreation hall. They were owners of 242,000 Gillette shares, also held enough proxies so they had 1,545,000 votes out of Gillette's total 1,982,000 shares. By the overwhelming tally of 1,399,654 to 895 they approved Gillette's expensive acquisition of AutoStrop Safety Razor Co. (TIME, Oct. 27). Gillette thus retains the supremacy which AutoStrop's patents threatened. And gratifying to Gillette stockholders was the news that the New York Stock Exchange, reported displeased by the great publicity regarding Gillette's accounting, had consented to list the new stock...