Word: corp
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Dates: during 1960-1969
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Lyndon even made U.S. hatmakers happy-something that tousled Jack Kennedy was never able to do-by inspiring an L.B.J. hat. The Hat Corp. of America announced plans to put out two-and three-gallon models with relatively narrow two-inch brims-scaled-down versions of Lyndon's five-gallon Stetson. One thing that is not scaled down is the price-which ranges from $12.95 to $100. All that Lyndon gets from the deal is publicity, but that's enough...
...pick up sums ranging from $1,000 to $13,300, always in cash. She said that the money was for operating expenses at the Carousel Motel in Ocean City, Md. Baker and the Novak family built the $1,200,000 motel in 1962, later sold it to Serv-U Corp., a vending-machine firm in which Baker is a major stockholder...
John B. Gates, board chairman of Pan American World Airways' Intercontinental Hotels Corp., testified that Baker last summer introduced him to one Edward Levinson, a Las Vegas casino operator, Serv-U stockholder and sometime Baker business partner. Levinson wanted "to become associated with the casinos" at two of Intercontinental's Caribbean hotels, Gates said. Levinson withdrew after Gates told him that any deal involving Levinson's brother Louis, a shady character with a police record, would be "unacceptable...
...STOCK. Baker's fortunes began to grow when he first latched onto a 250-share hunk of stock in Milwaukee's Mortgage Guaranty Insurance Corp. (nicknamed "Magic"). He bought the stock before the SEC had registered it, eventually saw a $28,750 investment balloon to about $400,000. Why had Magic's president, Max Karl, catered to Bobby? As Karl later testified, "I was impressed with his title." It would be good for Magic, he added, to have "well-known stockholders," and Baker "knew a lot of people." Baker certainly did, and he touted many of them...
...BANKING. Baker got a seemingly inexhaustible line of credit through Bob Kerr's Fidelity National Bank in Oklahoma City. During 1962, Friend Fred Black Jr. testified, he and Baker borrowed more than $500,000 from Fidelity National, much of the money going to finance operations of Serv-U Corp. Through Baker's friendship with Kerr, Black said, he was able to borrow large sums. In 1962 he got one loan for $175,000 to purchase stock in the Farmers & Merchants State Bank in Tulsa, subsequently sold 1,500 shares to Edward Levinson and 1,600 shares...