Word: girdlers
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...hearing did uncover one shocking fact. Last spring, when it was firmly resisting pressure to expand, the industry had assured its customers that the worst of the steel shortage would be over by year's end. Last week Fairless, along with Grace and Republic's Tom Girdler, predicted that the shortage would last at least two more years...
Penman's Progress. Some of the things Japanese unions do would make Tom Girdler scream for John L. Lewis. Japanese labor techniques grew out of the Japanese worker's effort to reconcile the paternalistic structure of Japan's industry with relatively alien class-struggle ideas. The labor-relations adventures of the Pilot Fountain Pen Co. is a microcosm of this effort...
...directors of Republic Steel Corp. decided to give rough-&-tumble Board Chairman Tom Girdler a $51,000 boost over his regular $175,000 salary. At first they gave it to him in the form of an annuity, which they thought was exempt from taxes. But when the Board of Tax Appeals ruled that the sum was not exempt, Tom Girdler surrendered the annuity for cash...
Last week the bonus was knocked in the head again. Ohio's Cuyahoga County (Cleveland) common pleas court upheld a Republic stockholder's contention that the extra $51,000 was too much of a good thing, ordered bluff Tom Girdler to give it back. Judge Stanley L. Orr laid it on hot & heavy: the size of the bonus, said he, had depended not upon Girdler's devotion to duty, but upon the size of the profits that were left at the end of the year. "If such conduct were approved," he said, "directors might soon forget that...
...handy was George that other big companies put him on their boards. Among them: Victor Emanuel's Aviation Corp. and Consolidated Vultee Aircraft Corp., Tom Girdler's Republic Steel, General Aniline and Film Corp. George knew the men who ran the country. George was a fixer and a puller of wires. That was what George got paid for. Keeping a gruelling schedule, he seldom got home to his Wardman Park apartment and his pretty, pert wife...