Word: breeching
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Dates: during 1960-1969
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...borrow $165 million or face receivership, he had to surrender operating control of TWA to the Metropolitan and Equitable life-insurance companies and a group of 15 banks. Hughes placed his stock in a ten-year voting trust controlled by the lenders, who named former Ford Motor Chairman Ernest Breech as a trustee. TWA was again without a president, former Navy Secretary Charles Thomas having resigned in a tiff with Hughes five months earlier. Breech began a desperate search for a man to lead TWA out of chaos...
...Dirty Trick. His eye soon lit on Tillinghast, then vice president for international operations of the Bendix Corp., Detroit-based maker of aviation, missile and auto components. Breech, as a former Bendix president, had been so impressed with Tillinghast's legal work for the firm that years earlier he had persuaded him to move to Detroit, where Tillinghast subsequently joined the company...
...told him what a mess TWA was, except for the flying operations," Breech recalls. Tillinghast insisted that Breech become TWA's chairman (he still is). For himself, he arranged a contract that would continue his in come even if Hughes regained control of TWA and-as was fully to be expected-fired both of them. "It was kind of a dirty trick," Breech says today, "taking him out of Bendix where he was doing well and putting him in a business he knew nothing about...
...BREECH...
...isles of the blest, and shut ourselves up in the healing solitudes of Haleakala and get a good rest; for the mails do not intrude there, nor yet the telephone and the telegraph. And after resting, we would come down the mountain a piece and board with a godly, breech-clouted native, and eat poi and dirt and give thanks to whom all thanks belong, for those privileges, and never housekeep any more." Yet, aside from a tantalizing shipboard glimpse of a Honolulu quarantined by cholera in 1895, he never found his way back...