Word: breeching
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Dates: during 1950-1959
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...Lehman Bros, to form new open-end, i.e., unlimited shares, mutual fund. Lehman will underwrite and manage fund, will have it buy out Aurora Corp. (assets: $36 million), an investment firm owned largely by Ford executives. New fund, called One William Street Fund, will have Ford Chairman Breech and four other Ford veterans on 13-man board...
Artillery: A new Soviet 203-mm. gun-howitzer can be emplaced for firing within minutes (compared to 36 hours for the World War II version), throws a conventional or nuclear shell 15 miles. The U.S. 8-in. howitzer is comparable but less mobile. The Russians boast a 240-mm. breech-loading mortar that doubles as an infantry and short-range artillery weapon. While its value in modern warfare is questionable, the U.S. has no counterpart...
From the other members of autodom's Big Three came equally chill words. Chrysler's Lester Lum ("Tex") Colbert sent word that in his view Reuther was proposing to "fight inflation by making a whole series of new inflationary demands." Ford's Board Chairman Ernest Breech, speaking in Nashville, said "giant labor unions, with unprecedented monopoly power." are putting a "steady squeeze on corporate profits and constantly increasing the price for goods and services...
When news of Breech's remarks came to the U.A.W. convention at Detroit's Masonic Temple, Reuther rose and observed that Breech received $565,000 in bonuses in 1955. "If Mr. Breech is entitled to a share of those profits," said Reuther, "then I say the workers are entitled to a share...
...formal premiere of Ford's new Edsel in Detroit last week, Chairman Ernest R. Breech let the first cat out of the. Big Three bag on a subject everyone has been wondering about: the price tags on 1958's cars. Ford's prices, said Breech, are going up. Best guess: an average boost of $100 per car. The main reason is that "the public apparently desires significant changes every year," as Ford discovered in 1956, when General Motors' heavily facelifted Chevrolet left the competition far behind. To win its current lead in 1957, Ford spent...