Word: eberstadt
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...vice chairman, Banker Ferdinand M. Eberstadt, had swept into WPB like a high-pressure area into a vacuum. Energetic Ferd Eberstadt wanted results, right away. He drew up a new raw-materials allocation plan (see p. 90). He demanded that WPB's civilian-supply men quit stalling on their long-delayed program for nonwar requirements. WPB's lethargic old high command worked too slowly to suit him. There were bruised feelings and ragged tempers...
Donald Nelson did not show the decisiveness that might have stopped the trouble. Chief controversy raged over one of Eberstadt's appointments: Thomas R. Armstrong, a Standard Oil Co. of N.J. executive, to be chief of his foreign-requirements liaison branch. Because Armstrong was connected in Latin American minds with the fight against Mexico's oil expropriation a howl went up from the State Department, from the Board of Economic Warfare, from Nelson A. Rockefeller's Committee on Inter-American Affairs...
...Eberstadt stuck stubbornly to his ground. In untangling WPB organization and getting results, he had done a fine job. In appointing Armstrong, he had stood alone against Washington's best advice. But Donald Nelson had neither backed him to the hilt when he was right nor stopped him when he was wrong...
...week's end, the storm had not yet broken. Ferd Eberstadt was still determined to do a job that needed doing; Charlie Wilson no longer thought of quitting. And the new WPB made progress-perhaps faster than any of the many defense and war agencies had before...
...production division at Dayton. After the Armistice he organized an industrial department for New York City's Liberty National Bank (later merged with New York Trust Co.). As it turned out that was a prophetic decision: in the bank he got to be pals with Ferd Eberstadt, who was then practicing law with McAdoo, Franklin & Cotton...