Word: fruehaufs
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...Fruehauf, wealthy truck-trailer manufacturer, who was offered a $1,500,0001oan from Teamster funds by Beck when a proxy battle threatened his company. Fruehauf showed appreciation by arranging a complicated $200,000 personal loan for Beck when the Teamster boss was being investigated by Internal Revenue agents. But Fruehauf drew the line at making a company loan because "I didn't think it was good business...
Alfons Landa, Washington attorney, who is a Fruehauf stockholder and director. So grateful was Landa to Beck for saving the firm and his investment that he volunteered to split his profits from a stock purchase made possible by Beck's $1,500,000 loan. Informed that Beck had refused. Arizona's Senator Barry Goldwater chuckled: "This is the first time in all of these hearings that I have heard of Mr. Beck turning down anything...
There also was testimony from Roy Fruehauf, a Detroit trailer manufacturer, that his company provided an automobile and chauffeur to haul Beck's niece and three girl friends around Europe last summer...
Worrying the rebels was the fact that the market value of Penn-Texas stock has slumped from this year's high of $19.62 to last week's $12.37. Charged a leader of another dissident group, Attorney Alfons Landa (who is also chairman of the executive committee of Fruehauf Trailer Co., and holder of 1,400 shares of Penn-Texas): "This case is alarmingly similar to Sydney Albert's Bellanca [TIME, Oct. 22]. In Bellanca, Albert had a whole safe full of unissued shares, which he traded for shares of other companies to gain control of them." Answered...
ANTIMONOPOLY COMPLAINT against Fruehauf Trailer Co., largest producer of truck trailers, was filed by Federal Trade Commission. FTC charged Fruehauf, which has increased revenues by 200% since 1949, had swallowed competitors illegally, was getting strangle hold on industry by offering special financing deals...