Word: avco
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...full-page newspaper advertisements Mr. Cord shouted that his accusations of extravagance, speculation, mismanagement, "illegal payments to officers.'' loss of 838,000,000 by the Avco management had gone unanswered. He denied Avco's charge that he had tried to force his Stinson planes upon the company; denied placing "spies" in Avco ranks; admitted losing money on his Century Air Lines (bought by Avco), pleaded that it was a five-month-old venture without benefit of airmail. He flayed the directorate for "railroading" important deals, told stockholders that "if we had not stopped the directors from making the [North American...
...forgotten was the issue upon which hostilities broke?Avco's quiet move to purchase North American Aviation, Inc.?while "ins" and "outs" battled in print for proxies to control a Dec. 21 stockholders' meeting...
...Avco hired Publicists Edward L. Bernays and Bruno & Blythe to combat the Cord propagandists, P. P. Willis & Co. of Chicago, Doremus & Co. of Manhattan. But their replies were less heated. President La Motte Turck Cohu repeated his familiar objections to Mr. Cord. Avco was cannily waiting, hoping that the Cord faction would talk itself into trouble...
...Bustling little Congressman-reject Fiorello Henry La Guardia (N. Y.) warned the Postmaster General that he would sponsor a strike of Avco pilots if Cord should get control...
...About $10,000,000 operating loss, $20,000,000 asset shrinkage in Avco statements: according to Mr. Cord, $38,000,000 asset loss...