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Fred Loomis, disillusioned Seattle investment counselor, whom Beck hired as an adviser for Teamster investment, explained that little by little he got the wind of Dave's shenanigans, advised him more than once that it was time to straighten out his affairs. At length he fired off a "Dear Dave" letter: "There has been talk of your receiving a kickback [from a building loan in Honolulu with Teamster funds], the plain implication being that this was in accordance with a pattern. I am sure that your fiduciary duty has never been sufficiently impressed upon your mind. Accept my resignation...

Author: /time Magazine | Title: INVESTIGATIONS: His Majesty the Wheel | 5/20/1957 | See Source »

...Beck, explained Loomis to the committee, "was extremely angry because I had stood up to him and treated him like he was just an ordinary mortal. He might be a big wheel, but as far as I was concerned, he was just a hubcap. He said that nobody was going to tell him [what to do]-that his conscience was going to be his guide...

Author: /time Magazine | Title: INVESTIGATIONS: His Majesty the Wheel | 5/20/1957 | See Source »

...networks decided last week that soap operas and quiz shows were more important than any live broadcast of Teamster Boss Dave Beck's second big appearance before Senate investigators. Not content with the decision, a dozen stations across the U.S. had the enterprise to form an impromptu network of their own so that one of the year's best running news stories could be heard and seen as it was happening...

Author: /time Magazine | Title: Television: The Impromptu Network | 5/20/1957 | See Source »

...Washington affiliate, WMAL, first asked network officials if there was any interest in televising the hearings. Not enough to justify the cost, said ABC. It was the same argument with which CBS sealed off its network to live broadcasts of the first Beck hearings in March by Washington's WTOP. But WMAL's General Manager Fred Houwink polled other ABC affiliates and found plenty of interest. Most interested of all: Seattle's lively KING, whose manager, Otto Brandt, went quickly into action. Brandt lined up six other ABC affiliates willing to share the costs, also flew...

Author: /time Magazine | Title: Television: The Impromptu Network | 5/20/1957 | See Source »

...result: the sordid story of Beck's business interests and his own queasy evasions (see NATIONAL AFFAIRS) unfolded in living rooms in Cleveland, Cincinnati, Columbus, St. Louis, Fresno, Phoenix and Portland as well as Washington and Seattle. Late in the week the impromptu network added three more stations, Baltimore's WAAM, WBAL and WMAR, the second time in the week that these three gave their networks a pointed lesson in public service. One classic network argument against special live news coverage is the heavy cost in sponsored shows that must be canceled. The three Baltimore stations produced...

Author: /time Magazine | Title: Television: The Impromptu Network | 5/20/1957 | See Source »

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