Word: dave
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Dates: during 1950-1959
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John L. Wilson, Anheuser-Busch executive vice president, reluctantly discussed the extent to which his company suffered under Dave Beck's heavy hand for the sake of an assumed guarantee of labor peace implied by Beck control-despite the fact that Anheuser-Busch always retains the power to cancel any of its distributorships without notice. Interoffice memos referred to Dave Jr. as "a spoilt child," to Old Dave as "His Majesty the Wheel." Even so, Old Dave was handy to have around. Wilson admitted that he got Beck to intervene on the brewery's behalf in a union...
Donol Hedlund, a respected and influential Seattle mortgage banker, flushed deeply, swallowed hard, spun the saddest yarn of all. With Joseph McEvoy, the nephew of Beck's wife, and one other associate, Hedlund established the National Mortgage Co., thanks partly to the $35,000 contribution from Uncle Dave to McEvoy. Then Hedlund, Beck and Teamster Lawyer Simon Wampold organized an outfit called the Investment Co., which drew brokerage commissions on Teamster money invested by Beck. Through the mortgage company, Beck put a tidy $9,000,000 in Teamster funds into mortgages, and through this company, Beck's family...
...benefit of Mrs. Leheney. Then, as the trustee of the Teamster funds, he "loaned" the National Mortgage Co. $71,407, with which he and Hedlund bought contracts at a discount. After some $10,000 in payments had been made on the principal, they "sold" the contracts to Dave Beck, now acting as trustee of the Ray Leheney Memorial Fund, for $71,607; scored an easy profit of more than $11,000 for Hedlund and Beck, and left the widow no wiser...
Fred Loomis, disillusioned Seattle investment counselor, whom Beck hired as an adviser for Teamster investment, explained that little by little he got the wind of Dave's shenanigans, advised him more than once that it was time to straighten out his affairs. At length he fired off a "Dear Dave" letter: "There has been talk of your receiving a kickback [from a building loan in Honolulu with Teamster funds], the plain implication being that this was in accordance with a pattern. I am sure that your fiduciary duty has never been sufficiently impressed upon your mind. Accept my resignation...
...David Charles Poskanzer got a phone call in his Albany, N.Y. office: "Dave, what do you know about Iceland disease?" By chance. Dr. Poskanzer, a disease detective for the U.S. Epidemic Intelligence Service (TIME. Jan. 19, 1953), was able to answer: "I've just read the entire world literature on the subject-both papers." Immediately, his boss ordered him to a spot where an outbreak of the rare disease was suspected. The spot: Punta Gorda...