Word: douglases
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Dates: during 1930-1939
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In 1912 Donald Douglas was a young Annapolis midshipman who preferred sailing on the Severn and making model airplanes to studying navigation and naval tactics. One day Midshipman Douglas climbed to the second floor of the Naval Academy dormitory, let fly a glider he had built. The toy banked, swooped...
The reasons why Donald Douglas has expanded in 18 years from that pint-sized barber shop to a plant covering 1,315,974 square feet are two: He believes that it takes dreamers and technicians, not businessmen, to make airplanes; he has the uncanny ability of finding the right experts...
In 1935 he and two similarly minded gentlemen, Brokers Edward Allen Pierce and John Hanes, helped elect mild, supposedly liberal Charles R. Gay as Exchange president in place of Richard Whitney. But Gay presently swung to the right: when the market crashed last August he made a speech blaming it...
Chairmanship of this group went to 31-year-old William McChesney Martin Jr. Last week Paul Shields landed a berth as head of the important public relations committee. Next job ahead of the new management is the selection of the first paid president in the Exchange's history. Meanwhile...
Note. Broker Paul Shields, pleased with his success in being "the man behind" the reform of the New York Stock Exchange (see p. 51), several weeks ago set out to do as much for the utilities. He invited Wendell Willkie, Chairman C. E. Groesbeck of Electric Bond & Share and President...