Word: frazer
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Dates: during 1950-1959
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...broke the bottleneck was Clay Bedford, 48, a production-engineering expert on loan from Kaiser-Frazer Corp. Charlie Wilson brought him to Washington last May (at no salary) as his production troubleshooter, because he knew that Clay Bedford was the production brain behind just about every one of Kaiser's most spectacular projects...
...Perhaps the stark horror of these facts can be better impressed on the gulled public by noting that the combat airplanes are Kaiser-Frazer 2's, the tanks were used to water Jefferson's horse on Inaugural Day, 1801, and the generals are not used to water in any form...
...pressed debtor, Cleveland's Otis & Co. last week moved with rare speed to stay ahead of the bill collector. It closed down its offices in Buffalo and Manhattan, hustled out chairs and desks in Manhattan just one jump ahead of a U.S. marshal, acting for Kaiser-Frazer Corp. Ever since K-F won a $3,120,743 judgment against Otis for welshing on a $10 million stock deal, K-F and the Securities & Exchange Commission have been hot on Otis' trail. Last week, after Otis informed SEC that it did not have enough capital on hand...
...Senate Committee probing RFC last week drew a bead on one of RFC's best customers-Kaiser-Frazer Corp. In a 30-page report, the Committee charged RFC should not have made a $34 million loan to K-F in October 1949. Even though K-F would have gone bankrupt without it, said the Committee, K-F's prospects of repaying out of earnings were so dim that "the public [interest]...did not justify the use of public funds to continue operation of K-F as an auto company." Following the first loan, K-F tapped...
...more than 3,200 pages of court testimony, Henry J. Kaiser finally laid an old enemy low. He won his breach of contract suit against Otis & Co., Financier Cyrus Eaton's Cleveland underwriting firm. In 1948, Otis & Co. signed up to help float 675,000 shares of Kaiser-Frazer stock at $11.50 a share; under the contract, the underwriters could bail out if anyone should try to block the stock issue in court. At the last minute Eaton bailed out, using as an excuse a suit against K-F to prevent the stock issue on grounds that Kaiser...