Word: haves
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Dates: during 1950-1959
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First With the Best. The Bakalars have built their electronics fortunes in only seven years. In 1952, Leo had a highly successful plastics business and good bank credit. David had a Massachusetts Institute of Technology Ph.D. in physical metallurgy and some practical semiconductor experience from a job at Bell
In August 1953, Transitron got its first big order: $40,000 worth of diodes from Remington Rand's Univac division. Sales and profits have soared steadily ever since. Last year Transitron had sales of $30,913,376 and earnings of $6,456,138 after taxes, a 21% return on...
The Goal: More Growth. The Bakalar brothers run their three plants, which employ 4,300 workers, with an informal touch. In their rambling Wakefield, Mass, headquarters, which was once an underwear mill, the Bakalars share a secretary, avoid written memos, and do most of their business in corridor conferences with...
In the 69 years since Congress passed the Sherman Act. no reputable businessmen have served a jail term for antitrust violations and none after pleading nolo contendere (no contest)-until last month. Then Federal Judge Mell G. Underwood, 67, of Columbus, Ohio set a precedent. He ordered four officials of...
Upton Sinclair has always been the most unreal character in his own books. He proves this once again in Theirs Be the Guilt, a re-edit of Manassas, which he wrote 56 years ago. Sinclair, then 24, was living in two tents near Princeton, NJ. and doing research from books...