Word: frazers
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Like a smart tennis player, Cyrus Eaton had more than once caught the Securities & Exchange Commission flat-footed in its long battle to revoke the underwriting license of his investment house, Otis & Co. SEC charged that Eaton had instigated a suit against Kaiser-Frazer Corp. and then used the suit to get out of underwriting a stock issue for K-F when it seemed that Otis might lose millions on the deal. Eaton neatly handled that hot serve. He sued SEC in the U.S. District Court. It ruled that there was insufficient evidence against Otis. SEC took the case...
Pasadena, California, Horace N. Gilbert, of California Institute of Technology; Birmingham, Alabama, Robert S. Winslow, of The Mutual Life Insurance Co. of New York; Nashville, Tennessce, James S. Frazer, Jr.; Minneapolis, Minnesota, William A. Barnes, Jr.; and Washington, D. C., Roy J. Bullock of Federal Home Loan Bank...
Nobody expected a pickup soon. In spite of the Ford strike, new cars were rolling out of Detroit at a rate of more than 5,000,000 a year. Some new car dealers were feeling a sag in their own sales (Kaiser-Frazer Corp. this week reported a $5.8 million loss in the first quarter). They were once more offering bigger trade-in allowances than they could get for the used cars. By summer's end, some of 1949's new cars would be showing up on used-car lots, to add to the glut. Both...
...Frazer bore the title of president. Edgar and father Henry differed with Joe Frazer on many company questions, the most recent being whether K-F should declare a dividend or cut prices. The Kaisers, who wanted to cut prices...
Angry Joe Frazer reportedly offered at that time to sell 550,000 shares of stock to the Kaisers and clear out. Last week, the board of directors settled the dispute, at least for the time being. Joe Frazer was eased upstairs into the new job of vice chairman of the board, and Edgar was made president. Out went two Frazer men: Vice President and Sales Manager W. A. MacDonald, and Vice President O. B. Hotter, public relations head...