Word: brookers
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Just over a year ago, Chairman Robert Elton Brooker of Montgomery Ward & Co. reached out for a major diversification in his effort to end Wards' long streak of low profits-and was rebuffed. Stockholders of Los Angeles-based MSL Industries Inc., with $116 million per year in sales of everything from industrial fasteners to electronic components, rebelled at fusing their young manufacturing company with a troubled old retailer. Last week Brooker found another possible partner, and this time his prospects looked a lot brighter...
...Montgomery Ward & Co. scotched weeks of Wall Street rumors that it was a ripe-and-ready takeover target by announcing plans for an acquisition of its own. Robert E. Brooker, chairman of the Chicago-based retailing and mail-order giant, said Ward would buy Los Angeles' MSL Industries Inc. for some $90 million in securities as a first step toward building "a substantial manufacturing complex." MSL last year rang up $116 million in sales of industrial fasteners, plastics and other products, earned $6.4 million-which is just the sort of tonic Ward can use. Suffering from tight pressure...
With her roommate, Paula Hamilton-Marshall, and their housekeeper, dark-haired Olive Brooker, Defendant Keeler had pleaded guilty to framing Jamaican Jazz Singer Aloysius ("Lucky") Gordon, a jilted lover of Christine's; he was first convicted, on her own sober testimony, of beating her and later released on the basis of her drunken tape-recorded confession that she had lied. Thus, as she was led from the half-empty courtroom with tears starting from her eyes, ended what Defense Counsel Hutchin son probably prematurely termed "the last chapter in this long saga that has been called the Keeler affair...
...Quarterback George Blanda, trying to pass to a wide-open receiver, hit himself on the helmet with the football. At the start of a sudden-death overtime, Texan Captain Abner Haynes unthinkingly elected to kick off, and into the wind at that. But the Dallas defense held, and Tommy Brooker eventually ended the 77-min. marathon with a 25-yd. field goal...
...lure Brooker away from Whirlpool, Barr realigned Ward's pecking order, abolishing the title of chief executive officer, which Barr himself had held, and establishing a new title-chief administrative officer-which went to Brooker. This, said Barr, means that "chairman and president are now on a par." Ward, which still suffers from the aftereffects of longtime (1935-55) Chairman Sewell Avery's ironhanded management, is as yet reaping no profit from Barr's costly drive to open new stores. Last year the company earned only $15 million-a 50% drop from the previous year. Brooker...