Word: elstner
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Dates: during 1950-1959
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Died. Harold E. (for Elstner) Talbott, 68, energetic, quick-tempered, self-styled (in Who's Who) capitalist and aviation-industry executive, who resigned after 2½ years as Secretary of the Air Force in August 1955 after telling the Senate Permanent Subcommittee on Investigations that he had been "mistaken" in writing possible clients of his private firm (Paul B. Mulligan & Co. of New York) on Air Force stationery; of a cerebral hemorrhage; in Palm Beach, Fla. Talbott counseled a farewell Pentagon luncheon: "Do right and don't write...
Like many businessmen going into Government service, New York's Harold Elstner Talbott Jr. gave up a good deal to join the Eisenhower Administration as Secretary of the Air Force. He sold his stock holdings (more than $700,000 worth), resigned as director of Chrysler Corp., cut all his business connections except one: half ownership of Mulligan & Co., a small Manhattan firm (15 employees) engaged in clerical-efficiency studies. Last week that side interest had Harold Talbott in trouble...