Word: greenebaum
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Hertz will own 51% of the new company's stock, and Hertz Chairman Leon C. Greenebaum, 49, and Hertz President Walter L. Jacobs, 61, will run it. Not only will American Express cash in on the potentially rich market for foreign-car rentals, but the deal also calls for it to invest in Hertz Corp. so that it can participate in domestic profits. Express is buying 25,000 Hertz Corp. common shares at the current market price, has an option to buy 75,000 more over the next four years for no less than...
...million to 1957's expected $78 million, which will bring $6,000,000 in after-tax profits. Now that the 107-year-old company has the highly useful services of the 405 American Express offices, it can really step on the gas overseas. Says Hertz's Greenebaum: "Our goal is an annual volume of $15 million overseas in three years. By that time, we expect to make a profit on this of $1,250,000 a year...
...Edwin H. Greenebaum '58, president of the orchestra, announced last night that Burgin had been forced to cancel the engagement because of a confusion over the date of the concert...
...Bach, the recitative was not merely an easy way to eat up text and set the key for the next aria, but an integral part of the musical fabric. The founder of the Orchestra, Michael Greenebaum, was on hand for the concert, and he must have been pleased to hear it giving fine performances of such great music...
...Edwin H. Greenebaum '58 was elected last night as the new president of the Pierian Sodality of 1808. Also elected were Charles E. Stenard '58, vice-president; Rollin T. Kearns '59, treasurer; and Alfred Cohn '58, secretary...