Word: cording
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Dates: during 1930-1939
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Major Lester Draper ("Bing") Seymour is the man E. L. Cord wanted in place of La Motte Cohu last spring. At that time Cord was not strong enough to have Seymour elected. But he did succeed in having President Cohu's undated resignation placed in care of Avco Board Chairman William Averell Harriman, just in case. For several weeks matters went smoothly, and one day - the story goes - when Cord, Cohu & Harriman were riding in a taxicab, Cord asked Banker Harriman for the resignation, tore it up. When hostilities reopened, he bitterly regretted his impulse...
...finished breakfast, towering Sir Ronald Lindsay, British Ambassador to the U. S., marched briskly up the front steps of "Woodley," suburban home of Secretary of State Stimson. He was promptly ushered into the study. After brief greetings Sir Ronald handed Statesman Stimson a heavy brown envelope tied with blue cord. Inside, the brawny Briton explained, was another note from His Majesty's Government on War Debts- a note, he estimated, "about as long as the Pickwick Papers." In triple-spaced typewriting it covered 26 foolscaps, on the first of which was embossed a large lion & unicorn...
...Next day Cord's most potent proxy-committeeman, white-haired Speculator Frank Arthur Vanderlip ("The Grey Ghost of Wall Street"), called at the office of young Banker William Averell Harriman, who lately left Avco's chair (TIME, Oct. 31). Presently they summoned Avco's new Chairman Robert Lehman, President Cohu, and Cord's hard-bitten Vice President Lucius Manning. From noon until nearly midnight they argued, bartered. Then, on terms which will doubtless remain secret, they emerged with a truce: the Avco board shall be reduced from 35 to 15. Five will be chosen by the present regime (probably Harriman...
Aviation leaders breathed more easily. The dirty linen was in off the line. The Cord front-line forces vacated their enormous quarters in the Hotel Biltmore, where they had kept three leased telephone wires busy to Chicago and Los Angeles, entrained for Chicago headquarters to meet Mr. Cord, who had been in California. But whatever the truce meant to the principals, it meant nothing to Mr. Trumbull, who announced that his committee would continue to gather proxies...
...Hubert Beal, 37, became president of Auburn Automobile Co, as busy Errett Lobban Cord, 38, retired to the chairmanship. Mr. Beal has worked for Auburn's unit, Lycoming Manufacturing Co., since 1919. In 1931 Mr. Cord withdrew into the chairmanship for ten months. Currently he needs freedom to attend to his interest in Aviation Corp...