Word: frazer
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Sears, Roebuck and Kaiser-Frazer have one thing in common: they have both lost money selling cars. Forty-one years ago, the Sears catalogue offered a two-cylinder car for less than $500, which would whiz along "from one to 25 miles per hour [on] resilient, hard-rubber tires." Sears dropped its auto after losing $21,000 on it in 1912. But Kaiser-Frazer, which has been making cars for six years and lost $13 million last year alone, is not that easily discouraged. Last week K-F made a deal that put Sears back in the auto business...
...Golden Bough, by J. G. Frazer (June 22, 1890): ". . . A most enjoyable and instructive essay...
...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...
...head of the shipyards Clay Bedford hit on the idea of building ships in prefabricated sections. At war's end, Bedford went to Willow Run as Kaiser-Frazer's production chief, soon became known as a brilliant "swap guy," chasing all over the U.S. for scarce materials to keep K-F's production lines rolling. When Wilson tapped him for the Office of Defense Mobilization, Bedford had just spent his first night in a new home in Oakland, Calif., where he was to manage K-F's West Coast defense production...
...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...