Word: avco
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MANHATTAN'S Kendrick R. Wilson Jr., 51, last week was something like a Tiffany manager moving into a ten-cent store. A financier who was trained at U.S. Trust Co. and Lehman Bros, before he rose to the chairmanship of widely diversified Avco Corp., he agreed to a deal by which Avco would acquire a small-loan company, Canada's Delta Acceptance Corp., for $48 million in stock. The swap is anything but penny ante for Avco, which has been shopping for growth companies in the civilian market to expand its own $514 million volume in missile parts...
...however, announced its endorsement of the candidacy of David Bloch for the Democratic nomination for U.S. Congress in the fifth district. Bloch, an industrial engineer for Avco Corporation, will stress the necessity for planning a conversion to peace-time industry in his campaign. As yet he has no opposition in the Democratic primary. The Republican incumbent, Bradford Morse (R-Mass), faces a primary fight...
Kendrick R. Wilson Jr., chairman, Avco Corp...
...General Clay is now with Lehman Brothers," said Avco Board Chairman Kendrick R. Wilson Jr. "He's an army officer who made good," added Funston. Khrushchev raised a pious eyebrow: "You have 190 million people. Why don't they all make good? Certainly they have not trespassed against...
...With U.S. business hungering for specialized talent, such top scholars as New York University Economist Marcus Nadler earn up to $300 a day as consultants to management. University of Pittsburgh Chancellor Edward H. Litchfield is also chairman of Smith-Corona Marchant and a director of Studebaker and Avco Corp. The hub of this extracurricular activity is Boston, where some 1,000 space-age companies have grown up since World War II, most of them started there to exploit readily available brain power and many of them founded by Massachusetts Institute of Technology and Harvard theorists themselves...