Word: chesler
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...bulging (6 ft. 2 in., 256 lbs.), blue-eyed son of an immigrant Lithuanian shopkeeper, Chesler grew up in Peterborough, Ont., quit university to go to work on Toronto's Bay Street. As a customer's man for the brokerage firm of Draper Dobie & Co. Ltd., he showed a talent for picking the right stocks, later grew rich underwriting dozens of Canada's new mining projects, chiefly those of Ventures Limited, the mining colossus...
Unknown Giant. The man who benefited most from the fast rise is an up-from-the-sidewalks Canadian financier and promoter, Louis Arthur Chesler, 46, chairman and prime mover of both Universal and General. Lou Chesler came to the U.S. three years ago with $4,000,000, has since run up a paper profit of $70 million on his Universal and General holdings alone. Yet few Wall Streeters know him, since he keeps in the background, trains the limelight on his U.S.-born junior partners...
...also raised some eyebrows. In 1941 Chesler turned up as a crown witness in a case involving illegal sales of Canadian government bonds. Actually, Chesler and his firm had been ordered by the Bank of Canada to play along with the hanky-panky to trap the villain...
Coming to the U.S. in 1956, Chesler bought a major interest in a company, which then acquired the Warner Bros, film library for TV and became Associated Artists Productions Corp. After a boardroom battle, Chesler signed a deal to sell 820,000 shares of Associated to National Telefilm Associates, Inc., though he controlled only 400,000 shares; later Chesler backed off and sold for a higher price to United Artists. To end a court fight, United Artists later paid $2,000,000 to N.T.A. The deal hurt Chesler's reputation on Wall Street-but it did not halt...
...Americans were willing to retire in Florida and that their incomes averaged $160 a month. The Mackles felt they could put up a house priced for such a small income, but they lacked the bankroll to swing a nationwide promotion. To get it, they teamed with Canadian Financier Louis Chesler, 45, who had rolled up a fortune by underwriting mining promotions. Chesler has poured in about $5,640,000 to date, is General Development's chairman, with Frank Mackle as president...