Word: fruehauf
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Dates: during 1960-1969
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Died. Roy August Fruehauf, 57, president and then chairman of Fruehauf Corp., world's largest maker of truck trailers (1964 sales: $313 million) founded by his father in 1918, who in 1953 squeezed his brother out as chairman and staved off a muchpublicized proxy raid with the aid of a $1,500,000 stock-purchase loan from then Teamster Boss Dave Beck, five years later found himself indicted along with Beck for repaying the favor with a $200,000 loan of his own (illegal under the Taft-Hartley Act), was eventually acquitted, but not before a group of dissident...
...When the Fruehauf trailer company skidded into the red, new management was brought in largely by Detroit Edison's Walker Cisler...
...hard to straighten out a company, but to make it grow-that's another question," says President William Edwin Grace, 55, of Detroit's Fruehauf Corp. Five years ago, when Grace was called in to straighten out the nation's largest truck-trailer maker, Fruehauf was loaded with a $250 million debt and a big fleet of unsold trailers, and was heading toward red ink. Grace overhauled Fruehauf's loose corporate structure, set up a rigid system of divisions and committees copied from General Motors, and "gave people authority as well as responsibility to get their...
...contents. Though the Teamsters charge that piggybacking is designed to destroy the trucking industry entirely, the railroads are already cooperating with truckers in building large piggyback terminals, can now go full speed ahead with plans for cheaper, swifter piggybacking service. On the strength of the ICC ruling, Fruehauf Trailer Co.. the largest U.S. truckmaker, last week thought that it might eventually find itself manufacturing more piggybacking equipment than conventional trucks...
ENERGY is the business of Walker Lee Cisler, 63, president of Detroit Edison Company. It is also what directors of the Fruehauf Trailer Co. hoped to get when they elected him to Fruehauf's chairmanship-a post he will hold in addition to his Detroit Edison job. An expert in red-tape cutting, Cisler takes over at Fruehauf from Roy A. Fruehauf, 52, whose family founded the firm. Eased out as Fruehauf Trailer's chief executive 18 months ago, Roy Fruehauf must face a recently revived indictment accusing him of making an illegal $200,000 loan...