Word: girdler
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Late last summer when steel operations were down to 20% of capacity. Tom Mercer Girdler boldly announced a $323,000,000 merger of his Republic Steel Corp. and Corrigan, McKinney (TIME, Sept. 10). Steelman Girdler slaved over the registration of $78,000,000 of securities and lined up enough stockholders to assure the deal's success...
Last week in Cleveland without the slightest warning the Department of Justice cracked down with an anti-trust suit to block Tom Girdler's merger. At the same time suit was filed against seven individuals under an obscure section of the Clayton Act, charging interlocking directorships in ten independent steel companies including Republic and Corrigan, McKinney...
...outlook for the steel industry is reasonably favorable."-Tom Girdler of Republic Steel...
...Around the President's desk last week assembled Myron Taylor of U. S. Steel, Eugene Gifford Grace of Bethlehem, Tom Mercer Girdler of Republic, many another steelmaster. Also on hand were Michael F. Tighe of the Amalgamated Iron, Steel & Tin Workers and William Green of the American Federation of Labor. They were all at the White House to report a deadlock over steel labor peace. The sticking point: Labor's demand that if a majority in a steel plant voted for the A. F. of L. union, the union should then represent all employes. The President told them...
...active steel executive at their head and a far-flung research staff to keep the industry and the public abreast of Steel's developments. Last week, its reorganization apparently completed, the Institute announced the election of Eugene Gifford Grace of Bethlehem Steel as president and Tom Mercer Girdler of Republic Steel as vice president. Henceforth only an executive within the industry may become the Institute's head, may hold office for not more than two years...