Word: heintze
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Earnings. Cleveland's once-booming war baby, Jack & Heintz Precision Industries, Inc., turned in a $2.9 million loss in 1948. President Kenneth G. Donald, onetime efficiency engineer who was brought in last year to rescue the company, reported that sales of fractional horsepower electric motors had slipped badly. He had high hopes for a new product: a gasoline motor for bicycles...
Dudley: le, Douglas, Marshall; lt, Saxe; lg, Heintz, Busilachi; e, Ryan; rg, Dimacio; rt, Stevens; re, Samalov, Cadigan, Douglas; qb, Bishop; lhb, Duncan; rhb, Olson; fb, Coughlin, Maloney...
From Jack & Heintz Precision Industries, Inc., peacetime version of Cleveland's famed war baby, President William S. Jack departed last week on a year's "leave of absence." But few Clevelanders expected that Bill Jack would ever come back to Jahco. Reason: Jahco's new owners were not sold on his unorthodox employe coddling...
When blatant Bill Jack and his quiet partner Ralph M. Heintz peddled their war baby last spring to Manhattan engineer B. C. Milner Jr. and Byron C. Foy, onetime vice president of Chrysler Corp., they got 1) roughly $8 million in cash and stock, 2) five-year contracts at $40,000 a year, 3) promises to retain their employe program...
Forthwith, Russ Jack, Adeline Bowman (Bill's secretary, whose $39,356 salary and bonuses made headlines in 1942), four other associates resigned. To quiet other restive associates, Ralph Heintz addressed them: "We might as well face the truth. . . . Now we are in a competitive market. For the first time, we have got to think of the stockholders...