Word: bement
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Dates: during 1950-1959
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Freshman heavies: Captain Honry Jordan, stroke; Stewart Hussey, seven; Geoffrey Locke, sex; Howard Dickinson, five; Charles Atkinson, four; John Eager, three; John Ellefson, two; Nick Tilney, bow; Reed Bement, coxswain
PROXY FIGHT for control of famed machine -toolmaker Niles -Bement-Pond is over. With stockholders' meeting still a week away, opposition group led by Penn-Texas Corp.'s President Leopold Silberstein already has more than 50% of the votes, is sure to take over the company...
...Christmas bonuses to employees subject to collective bargaining? Yes, ruled the National Labor Relations Board last week, ordering Niles-Bement-Pond Co., of West Hartford, Conn., to bonus-bargain with a local of the C.I.O. United Automobile Workers. The company, which has paid a bonus for twelve years, had cut the total from $108,000 in 1949 to $40,000 in 1950, when it started a new and more expensive pension plan...
Rentschler persuaded Niles-Bement-Pond Co. (precision tools), which had plenty of war-earned surplus cash and unused war-built factory space, to bet its cash on Rentschler's know-how. The company staked him to $250,000 and a factory to develop his first engine. Because Rentschler got his factory space and tools at Hartford, in the plant of Niles-Bement-Pond's tool-building Pratt & Whitney division, the new company was called Pratt & Whitney Aircraft...