Word: girdler
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Small change compared to the wage scales of a film company like Loews' were the other salaries listed by the SEC. Republic Steel upped President Tom M. Girdler from $117,420 to $129,372 per year, two vice presidents from $58,700 to $64,600. President Edwin Madison Allen of Mathieson Alkali worked for $86,700 in both 1933 and 1934. Donald L. Brown of reorganized United Aircraft will be paid $45,000. Salaries substantially the same in both years included President Walter Cabot Baylies of Boston's Edison Electric Illuminating: $32,000; Vice President Theodore D. Crocker of Northern...
...many words predicted a more glowing future for the industry than anything in its molten past. Last week's steel production, 23% of capacity, was nothing to make steelmen loquacious. But in Manhattan the learned American Society for Metals heard from the lips of Tom Mercer Girdler, steelmen's steelman and president-chairman of Republic Steel Corp., these words...
Last year the steel mills of the land poured 23,000,000 tons of steel, and production for this year will not be substantially larger. Tom Girdler's statement meant that within a few years production would rise above the 1929 record of 56,000,000 tons. But by then, said Mr. Girdler, the country would be using steel "in a thousand ways that have never been dreamed of before." No idle prophet, he declared that his optimism squared with "facts that have been proved in our research laboratories, and tested out, from the standpoint of consumer acceptance, by salesmen...
...recapitalization plans brought Steelman Girdler smack up against the Securities Act, and last week he paid his respect to that and other aspects of the New Deal. "The New Deal may not be all right, but certainly it is not all wrong," he remarked diplomatically. But: "Today no business is willing to spend a dollar except for immediate requirements. Those of us in the steel business cannot blame our customers, for we feel the same way ourselves." His reasons: 1) fear for the profit system, 2) the Securities Act, 3) labor unrest, and 4) "I want to know what...
...Girdler's predictions come true, none will benefit more than he. Republic is already the world's largest producer of alloy steels...