Word: corpe
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Dates: during 1950-1959
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...told-from a variety of union business agents, a truck owner who employed Teamsters, and Teamster officials. He rarely paid interest, signed notes or offered collateral. In most cases there was no evidence that the payments to Hoffa actually were loans. ¶ A Hoffa acquaintance set up Test Fleet Corp., a truck-leasing firm, in the maiden names of Hoffa's wife (Josephine Poszywak) and the wife of his pal, Owen Bert Brennan (Alice Johnson). Test Fleet got its trucks through the good offices of a Detroit trucking firm, Commercial Carriers, Inc., which then leased the equipment back from...
...automakers were unanimous in their answer. "Another publicity maneuver," shot back General Motors Corp. President Harlow H. Curtice. Retorted Chrysler Corp. President Lester Lum Colbert: "You are proposing that management abdicate its responsibilities-and that months after sustaining a drastically reduced income, a company would go before the U.A.W. or before a three-man panel to attempt to justify its need for partial relief." Henry Ford II: "The rapid increases in wages of automobile workers over the past ten years, which were negotiated under the duress of your demands, have unquestionably contributed to inflation. Thus, having poured gasoline...
...That Bob Kennedy is a doll," wrote a Washington housewife last week as the Du Mont-televised labor rackets hearings came to a close (see NATIONAL AFFAIRS). Since the Senate's modern 18-day morality play began, Du Mont Broadcasting Corp. has been bombarded with 10,000 such letters and thousands of phone calls. Three people twitted Du Mont because Liberace had been shoved aside by Johnny Dio and Jimmy Hoffa; but in most bars across the Eastern Seaboard, tipplers clamored for the racket-busters over baseball. Even though she was seated a few yards behind the witness chair...
...mainly of "inside" directors who are also officers of the corporation, or by "outside" boards consisting principally of men from other companies. Last week the argument was bubbling at a fast boil. In a lengthy study, the American Institute of Management took aim at the board of Bethlehem Steel Corp., all inside directors, reported that the 15 members voted themselves nearly $5,500,000 in bonuses last year despite a $19 million dip in Bethlehem's profits. Said A.I.M., arguing that such bonuses might be better spent elsewhere: in too many cases of inside boards, "small stockowners who constitute...
...Drive-It. Perfect Circle Corp. has developed a speed-control device which automatically drives a car at a steady, preset speed. Planned as optional equipment on 1958 Chryslers, Speedostat electrically links the foot-throttle, carburetor and transmission to a dashboard dial on which the driver sets the speed he wants. In emergencies, he can instantly break automatic control by touching the brake pedal...