Word: boeschenstein
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Though Fiberglas will combine Owens and Corning facilities and abilities, it will be an independent corporate structure, technically a subsidiary of neither. But its board chairman will be Amory Houghton, Corning's president and fourth-generation descendant of that company's founder; its president, Harold Boeschenstein, vice president and general manager of Owens-Illinois. And Fiberglas' 27,500 shares of $100 cumulative preferred, 402,500 authorized shares of no-par common will be sold not to the public but to the step-parent firms...