Word: ferdly
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These three appointments amount to the installation of a new top management in WPB. To neat, hardboiled, balding Ferd Eberstadt, who has done a top-flight job of handling military schedules and priorities on the Munitions Board, falls the key job of setting WPB's sights on all production except rubber. To factory-wise Charlie Wilson falls the job of meeting the goals that Eberstadt sets. And to Steelman Batcheller falls the particular responsibility of meeting the key goal, steel production...
...Plan-It. In this setup, Ferd Eberstadt, 52, will inevitably become Donald Nelson's second in command. He is used to taking charge. In World War I he interrupted his Columbia University law course to serve in France in the 304th Field Artillery, was wounded and rose to captain, was noted for commanding the best-drilled, best-disciplined battery in the 304th. Afterward he went to Wall Street as a corporation lawyer, soon was a partner in the investment-banking firm of Dillon, Read. In 1928 he sold his partnership (for a reputed $2,000,000). He started...
...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...
...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 partnership...