Word: blowup
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Dates: during 1950-1959
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Then he ran head-on into the blowup over stock holdings. In an effort to comply with the conflict-of-interests law, he resigned as president of the Sprague Electric Company (electrical and electronic parts) of North Adams, Mass., and got the board of directors to pledge that the firm would do no business with the Air Force while he was Under Secretary. But he refused to sell his $5,000,000 interest (13.4% of the total stock) in the North Adams firm because he did not want out-of-town interests to get control. "Certain members" of the Senate...
...latest blowup followed a directors' meeting which Grant had called to fill RKO board vacancies. Grant had two nominees, who he thought would restore some confidence in the company: Lionel Corp.'s President Lawrence Cowen and Robert Butler, a St. Paul construction engineer and former U.S. Ambassador to Australia and Cuba. But when Grant named his men, Directors Sherrill Corwin and Edward Burke Jr., both members of the Stolkin group, turned thumbs down. When they failed to name any substitutes of their own, Grant resigned. Said he: "My hands are manacled...
Mink ranchers could relax-if the rest of the nation could not. Last week's blowup in the Justice Department let out what steam remained in the investigation of Government corruption...
...Reversal. Specifically, the blowup was over the steel case, but that was just the ingot that broke Wilson's back. After the Wage Stabilization Board approved a bright package of benefits and increases amounting to 26.1? an hour for the steelworkers (TIME, March 31), Wilson hustled down to Key West to talk to the President. "I advised you it was my best judgment that if steelworkers received the whole package . . . inevitably other unions would demand and probably have to be given like consideration," wrote Wilson in his letter of resignation, "and that I did not believe the resultant inflationary...
...claims that his four prima donnas display surprisingly little temperament. Laughton, says Gregory, "has a reputation for being difficult, and he can be extremely difficult. But Charles and I work very well together." Agnes Moorehead and Cedric Hardwicke have the controlled emotions of veteran troupers. The only near blowup was caused by Boyer, who got a case of nerves during the chaotic train and plane rides of a series of one-night stands. Boyer called in Gregory and announced that he was quitting. Gregory silkily assented, but added, as an afterthought, that the instant Boyer left he would be served...