Word: bille
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Dates: during 1940-1949
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When blatant Bill Jack and his quiet partner Ralph M. Heintz peddled their war baby last spring to Manhattan engineer B. C. Milner Jr. and Byron C. Foy, onetime vice president of Chrysler Corp., they got 1) roughly $8 million in cash and stock, 2) five-year contracts at $40,000 a year, 3) promises to retain their employe program...
...when Bill Jack recently returned to work after a sick spell, he didn't like what he found. He could no longer pick up a mike, talk to his associates (employes) over Jahco's five-plant public-address system any time he wanted to. Now, his remarks had to be cleared by a newly hired public-relations expert...
Making Things Clear. Bill Jack soon exploded his resentment in Cleveland's newspapers. So the board of directors decided that Jack was to go on leave, with Board Chairman Byron Foy taking over his job. The board also said that "Mr. Jack . . . wishes to make clear that there is no disagreement whatsoever over the personnel policies...
...Bill Jack kept a straight face, refused to talk to newsmen. But his son, Vice President William Russell Jack, spilled the beans. Cried young Jack: "Bill was sore as hell about the gag rule. They would have fired him if they could, but they didn't want to make a martyr...
Forthwith, Russ Jack, Adeline Bowman (Bill's secretary, whose $39,356 salary and bonuses made headlines in 1942), four other associates resigned. To quiet other restive associates, Ralph Heintz addressed them: "We might as well face the truth. . . . Now we are in a competitive market. For the first time, we have got to think of the stockholders...