Word: glens
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...recent election, David B. Melchinger '62, of Quincy House and Glen Ridge, N.J., was chosen president of the Crimson Key Society, and Arthur H. Stein '62, of Dunster House and Norfolk, Va., was named vice-president...
...biggest employer and the nation's second largest shoe manufacturer (first: International Shoe Co.). The aggressor-at least in the eyes of the company's 13,000 local employees and the overwhelming majority of the Triple Cities' population of 200,000-was the multi-industry Glen Alden Corp., headed by Albert A. List...
...Offer. Three weeks ago Glen Alden sent a letter to Endicott-Johnson stockholders offering to buy-at $30.50 a share-all of the company's 810,000 shares of common stock, then selling at $27.50. A week later Endicott-Johnson Director Jacob M. Kaplan, onetime Welch Grape Juice president, was revealed to have sold 60,000 shares of his stock to Glen Alden, explained that he thought the shoe concern was "a dying company." Word quickly spread through the Triple Cities that Glen Alden, if it got control, would move the plants-a rumor Glen Alden denied...
...Commerce formed a committee to obtain pledges from local residents to buy $5,000,000 worth of shares, pushed the stock to $34. Some Endicott-Johnson employees circulated a petition requesting that $10 million of their pension fund be invested in E-J stock if necessary to block Glen Alden's bid, got 65% of the workers to sign. One reason: many E-J workers migrated from nearby coal fields where Glen Alden mining operations declined in recent years, caused layoffs...
...launched an ambitious program to put new life in the company. By last week it was evident that Young Frank would have his chance; at week's end the citizens' committee reported that from 45% to 48% of EJ's total stock was in friendly hands. Glen Alden's known count: only 7% of the stock...