Word: fruehaufs
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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...
...borders, the state five years ago launched an industrial development program. Its heart was a $20 million revolving fund authorized to make loans to nonprofit development agencies for the construction of new plants in distressed areas. Result: the plan has attracted 389 plants (including Radio Corp. of America, Fruehauf Trailer and Chrysler Corp.) providing 106,000 factory jobs, encouraged the expansion of 700 existing firms, put to work 391 idle plants...
...TEAMSTER BOSS Dave Beck was indicted by federal grand jury with Roy Fruehauf, president of Fruehauf Trailer Co., and Burge Seymour, president of Associated Transport, Inc. Government charged that $200,000 loan from Fruehauf's and Seymour's companies violated Taft-Hartley Act. Maximum penalty: a year in jail and $10,000 fine...
...Cool $1,000,000. Landa's most notable fight, before Penn-Texas, was at Fruehauf Trailer Co. There he defended President Roy Fruehauf against a raid after brother Harvey Fruehauf sold a large block of stock to the Detroit & Cleveland Navigation Co. Landa proceeded to raid the raider, made himself a cool $1,000,000 on Fruehauf stock during the fight. Landa welcomes allies from any quarter. During the Fruehauf fight, he negotiated a $1,500,000 loan from the then Teamster President Dave Beck to finance Fruehauf stock purchases...
...tough-talking Washington law partner of onetime U.S. Senators Millard Tydings and James Duff, Landa has been a key figure in the proxy battles for many top companies, e.g., Fruehauf Trailer, and the current dispute over S. H. Kress. Late in 1956, Landa joined in the Penn-Texas fight along with Robert Morse Jr., whose Fairbanks, Morse & Co. was threatened by a Silberstein takeover. With Morse bankrolling the fight, Landa led last year's Penn-Texas proxy crusade that elected two anti-Silberstein directors. Landa was also a key man in forcing last November's shake-up that...