Word: ernest
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Dates: during 1960-1969
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...Houston's Ernest M. Hall Jr. headed Hall-Sears Inc., an obscure electronics outfit with earnings of $10,781 on gross sales of $95,000. Three years later, Hall merged with a small uranium mining company and became president of the new firm, now known as Westec; its share sold for 4¼ on the American Stock Exchange. For the first half of 1966, Westec announced earnings of $5,345,567 on sales of $31,-693,395; the company's stock soared to a high of 67⅛ in April...
...Ernest Hall deliberately inflated Westec's profit reports in order to build up the value of its stock? If not, just what had he done to deserve firing? As of last week, no one was quite willing to say. Hall himself remained incommunicado in his expensive Houston home, emerged at one point in his bathrobe to shoo newsmen away. Outsiders could only recall the boast of one Westec official last May that, while Westec was not yet "a Litton, a Textron or other industrial giant, it is our intention to earn a position among such a line-up." Some...
...Married. Ernest Henderson, 69, co-founder and board chairman of the 102-hotel Sheraton chain; and Faryl Finn, 25, publicity director of the new Sheraton-Boston; he for the second time...
...paying enough attention to Mexican and Chinese-Americans. The prime complaint, says Retired Los Angeles Principal Beulah Quiette, is that the book "does everything to glorify the Negro." Its authors-U.C.L.A.'s John W. Caughey, University of Chicago's John Hope Franklin and Harvard's Ernest R. May-admit they made some bloopers. The text, for example, relates the pioneering civil rights leadership of W.E.B. DuBois, fails to note that he became a Communist in later life...
...stranger to finance, Sherfield will be the first nonbanker to preside over one of London's 16 elite merchant banks that, with Bank of England backing, "accept," or guarantee payment of, commercial debts. The lanky (6 ft. 4½ in.) son of Boer War Hero Brigadier General Sir Ernest Makins, Sherfield since 1964 has been chairman of the Industrial & Commercial Finance Corp., a collective venture of English and Scottish banks that provides credit to small businessmen...