Word: haase
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The rent-a-suit scheme originated a few years ago in Great Britain, where companies have mastered the art of executive perquisites because exorbitantly high tax rates wipe out almost all benefits of high salaries. Now an old-line Baltimore suit manufacturer, Haas Tailoring Co., is using the idea, and...
A company buys professional advice to dress executives in the proper corporate uniform and leases a rack of clothes -both costs presumably tax deductible. Haas prefers a minimum corporate order of $5,000 for a recommended two-year lease of twelve suits priced at about $400 apiece. The Internal Revenue...
DIED. Walter A. Haas, 90, honorary chairman of the board of Levi Strauss & Co.; in San Francisco. A marketing wizard, Haas joined his father-in-law's floundering jeans company in 1919 and, barely altering a stitch in the product, turned it into an American institution.
The next morning, as the sun came out, so did looters. "We're going to deal with you in the most severe manner." warned Alabama Governor Fob James as he ordered out the National Guard and set a dusk-to-dawn curfew. In Prichard, a Mobile suburb, Mayor A.J...
The Interior Ministry report also disclosed that 17 people had been arrested on espionage charges last year. Most of these were suspected East German agents. Six, including Haas, were KGB operatives. A pair of Soviet agents based in Frankfurt were charged with stealing the plans for the firing mechanism of...