Word: bulova
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Dates: during 1950-1959
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...demands and got ready for a proxy fight. But Maidman, who had bought some 13,000 shares for about $30 each, another 20,000 for $50 or higher, knew he already had a profit without fighting, shopped around for a buyer for his stock. Last week Arde Bulova's Bulova Watch Co. agreed to take over his holdings in a deal that will pay Maidman $60 a share or allow him to exchange the shares for Bulova stock. In any case, the deal will give Maidman a profit of more than half a million dollars...
FAIR-TRADE BATTLE is splitting state supreme courts. In Pennsylvania and Wisconsin, courts last week ruled in favor of fair trade (on cases involving General Electric and Bulova Watch Co.), thus making six (others: California, New Jersey, New York, Delaware) that have upheld the constitutionality of the 1952 McGuire Act. Five other state supreme courts (Arkansas, Florida, Georgia, Michigan, Nebraska), plus some lower courts, have ruled against fair trade...
...Gruen Watch Co., succeeding Morris Edwards, who resigned. A graduate of City College of New York ('38), Weitzen worked for a Manhattan ad agency, the Journal of Commerce. He became a buck private in 1942, was soon commissioned, rose to lieutenant colonel at 26. He joined Bulova Watch Co. in 1945 as a junior executive, became assistant to the president in six months, rose to sales and merchandising vice president in 1950. Last year he joined Manhattan's American Machine & Foundry as vice president for marketing, from which he resigned before coming to Gruen. ¶ Atherton Bean...
...months ago, Bulova Watch Co.'s Long Island plant was suddenly flooded with irate letters. Each letter was accompanied by a broken wristwatch marked "Bulov 17" on the dial. Bulova needed only one look at the misspelled trademark to see that they were fakes. Since most of the letters were from Chicago, Bulova hired private detectives to roam through the Loop area looking for the counterfeit Bulovas. Before long they picked up 250 from sidewalk peddlers. Last week Chicago police arrested William Furie, 51, as the ringleader of a group that had sold at least 100,000 phony Bulova...
...police reconstructed the case, the watches were bought for $3.50, the original brand name was erased with acid, and "Bulov 17" stamped on in ink. The watch looked like the real Bulova 23 model, which retails for $95. The fakes were sold to street hawkers, who sold them at bus depots and railroad stations for up to $23 each. Chief victims: service men in transit. At week's end Furie was charged with counterfeiting a trademark (maximum sentence: one year), let out on $500 bail...