Word: eberstadt
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...another vice chairman in charge of coordinating Army & Navy needs with production schedules, he chose practical, resourceful Financier Ferdinand Eberstadt, chairman since last January of the Army & Navy Munitions Board...
...Purp fails the Armed Forces are lying in wait to bury it with appropriate military honors. With the Navy's blessing, tough General Somervell, who finds Nelson's alleged raw-materials authority irksome anyway (TIME, Aug. 3), and tough Ferd Eberstadt of the Army & Navy Munitions Board, think they know a much simpler way to balance supply & demand. They would adopt a reasonable facsimile of Germany's plan-a warrant system whereby each war contract, when made, includes warrants to obtain specific quantities of materials at the specific times when they are needed. This is vertical allocation...
...General Somervell kept boring in. Immediately he suggested one of his own men-able Chairman Ferd Eberstadt of the Army & Navy Munitions Board-for one of the top new WPB jobs. Nelson turned down the suggestion, instead ordered the Munitions Board to move its civilian personnel into WPB quarters. There the fight rested this week...
Army & Navy: De facto head of the Army & Navy Munitions Board (his de jure commission still to be signed) is Wall Street's Ferdinand Eberstadt, first civilian since War I to head the services' top procurement-coordinating body. Longtime friend and former partner of Navy Under Secretary Jim Forrestal, Ferd Eberstadt was also urged to his new job by his friend War Under Secretary Bob Patterson, after he did an undercover study and report on reorganization of Army-Navy supply staffs last fall. Ferd Eberstadt, 51, earned his Wall Street medals when he recovered from a pre-crash...
...Otis resigned from the firm bearing his name as did Partner Mervin Clark Harvey. Both will go to E. A. Pierce & Co., buyer of the brokerage business of Otis & Co. Other influential Otis & Co. partners who have resigned include Joseph Oriel Eaton (no relation to Cyrus), Richard Inglis, Ferdinand Eberstadt. Cyrus Eaton remained, comparatively alone...