Word: bardo
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...York Shipbuilding founders' shares soared from $2 to $20 a share this year, Lou Manning denied any open market operations. Chairman William Mowat Flook stepped down to vice chairman to make way for Mr. Cord and Lou Manning became chairman of the executive committee. Venerable President Clinton Lloyd Bardo stayed on to build the ships. Andrew William Mellon founded New York Shipbuilding in 1899 (see p. 47). Astute, he sold it out at the height of the Wartime shipbuilding boom. After the War when marine construction dwindled almost to nil, it branched into electrical equipment under license agreements with...
...blue suit with a doublebreasted waistcoat and a red-striped necktie sat in. the front row. Beside him sat his New York lawyer, Daniel Florence Cohalan. Promptly Mr. Cohalan protested that Mr. Shearer should be called first to the stand. Senator Shortridge overruled him. First witness was Clinton Lloyd Bardo, President of New York Shipbuilding Co., subsidiary of American Brown Boveri. He told of a conference in which Shearer had been hired to go to Geneva: "The instructions were that he was to go as an observer and report. He had no authority beyond that. We were...
...paid too much, that his "ordinary business judgment had been disarmed" by Shearer's plausibility. Shearer's reports had been full of "bunk." He had only glanced at two or three, and when he learned of Shearer's big-navy propaganda he had insisted on his discharge. Mr. Bardo admitted that Shearer was later re-employd by Laurence Russell Ilder on a project for building liners to cross the Atlantic in four days. On that project $143,000 had been spent on promotion but Shearer received only $5,000. Of the total, $24,000 went for hotel bills and entertainment...
Some of Mr. Bardo's opinions...
With the finger of suspicion pointed at the shipbuilders by the President's remarks, Mr. Bardo last week made answer...