Word: cyrus
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...also got permission to investigate Otis' books. It wants to find out whether Cyrus Eaton and William R. Daley, Otis' biggest stockholders, have reduced Otis' assets by transferring into their personal accounts securities valued at $3,229,639 which they had lent the company. Otis announced that it would close down its brokerage business this week. Nevertheless, SEC went right ahead with proceedings to ban Otis from the brokerage business...
After 3^ years and more than 3,200 pages of court testimony, Henry J. Kaiser finally laid an old enemy low. He won his breach of contract suit against Otis & Co., Financier Cyrus Eaton's Cleveland underwriting firm. In 1948, Otis & Co. signed up to help float 675,000 shares of Kaiser-Frazer stock at $11.50 a share; under the contract, the underwriters could bail out if anyone should try to block the stock issue in court. At the last minute Eaton bailed out, using as an excuse a suit against K-F to prevent the stock issue...
...make President John Lawrence McCaffrey top dog in the company, turn the chairmanship into an advisory post. McCormick opposed the change, but the directors approved it anyway. Promptly McCormick resigned as chairman (but not as a director). For the first time since 1831, when Fowler McCormick's grandfather Cyrus introduced the reaper, the largest U.S. maker of agricultural equipment had no McCormick in a top executive post...
Leverett House last night elected Lewis Goldberg '53, Richard Green '52, Daniel O'Connor '53, Samuel Paschal '52, Lee Segel '53, and Robert Wildridge '52 to its 1951-52 House Committee. Cyrus Lippman '52 was made chairman, Richard Farrington '52, treasurer, and Lewis Brown '53, secretary...
...News's Keyes Beach and Fred Sparks; and Associated Press's Relman Morin and Don Whitehead. A.P.'s Max Desfor won the picture prize with a shot of refugees fleeing across a war-wrecked bridge in Korea; the New York Times's roving European correspondent, Cyrus Sulzberger, a special citation for his European interviews. On the home news front, .the Columbia University trustees gave no prize for national coverage...