Word: heintze
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Cleveland's Jack & Heintz (Jahco) last week put their circus touch on lobbying. Bill Jack, Jahco's brass-lunged president, invited 525 Senators and Representatives to dine at his expense in Washington's swank Mayflower Hotel. He wanted to: 1) explain Jahco's renegotiation troubles (TIME, Jan. 24); 2) make a proposition...
Despite loud yawps from mavericks like Jack & Heintz (see col. 3), the great majority of U.S. businessmen appear to favor renegotiation of war profits. Patriotism aside, they have grown politically sensitive in the past decade and have no wish to be accused of profiteering. Last week in St. Louis' Coronado Hotel, the world's No. 1 producer of bomber turrets publicly embraced the theory that the best wartime safeguard of free enterprise is low profits. Said Emerson Electric Manufacturing Co.'s President and Board Chairman William Stuart Symington Ill, at a labor-management banquet...
Bill Jack loves to grab the public address microphone in his Cleveland plant and bellow important news to his "associates" (employes). Last week the president of Barnumesque Jack & Heintz (Jahco), who contends that the War Department is renegotiating him into the red, told them something that hit home to each & every one. His news was a plan to 1) partially circumvent renegotiation, 2) build up a reserve for postwar expansion...
Associates would invest by 1) cashing in their war bonds, 2) letting Jahco keep their present payroll deductions for bonds, as well as their double-time pay and famed bonuses. In return, associates would get non-voting preferred stock (Jack owns 75% of the voting stock, Vice President Ralph Heintz the rest), bearing 2% interest, and a half-interest in company profits...
...murmured darkly to reporters that the "Roosevelt administration is flirting with revolution," predicted that soldiers would come home to "the worst mess in the nation's history" if industry is not left enough funds to provide postwar jobs. Certainly, he affirmed, there would be no jobs at Jack & Heintz if the renegotiation board had its way. Furthermore, Jack explained that the $75,000 each collected by him and Vice President Ralph M. Heintz had shrunk to $33,000 each after taxes...