Word: hutchinsons
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Dates: during 1930-1939
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...Chrysler's testimony was taken in the U. S. along with other depositions but Finance Committee Chairman Bernard Edwin Hutchinson went in person to Sir Cyril's court. In his decision last week Sir Cyril seemed to have been particularly impressed by the evidence against Mr. Hutchinson. The British plaintiffs had described him as a "hard trader" who threatened to flood the market with Chrysler cars at cut-rate prices unless the stock-holders moderated their demands. During the negotiations Mr. Hutchinson was quoted as having snapped: "I am not going to buy what I can and will...
...this struck Sir Cyril as decidedly not cricket. Said he last week: "I have had the advantage of seeing the main witness for the defendants. Mr. Hutchinson, in the box for some days. I think it is to be regretted very much that it is necessary to express an opinion about a man in his position. He is obviously a man of the greatest business ability and acumen. . . . For him there is obviously only one thing that matters-the Chrysler Corp. Where other interests are concerned, he can be ruthless and unscrupulous. This case shows without question that...
...rank just below Alfred P. Sloan in the management and operation of General Motors: William S. Knudsen, Donaldson Brown, Charles F. Kettering. Not so well known are the three topnotch assistants of Walter P. Chrysler: K. (for Kaufman) T. (for Thuma) Keller, Fred Morrell Zeder, B. Edwin Hutchinson. Engineer Keller was hired from General Motors by Walter Chrysler in 1926 to consolidate the manufacturing plants of Dodge Bros. He stayed on to become Chrysler vice president in charge of production. Mr. Zeder was chief engineer at Studebaker in 1924 when Mr. Chrysler invited him to design the first Chrysler engine...
Last week Walter P. Chrysler moved out of the presidency of Chrysler Corp. and each of his three executive assistants moved up. Vice President Keller became president, Treasurer Hutchinson became chairman of the finance committee and Chief Engineer Zeder vice chairman of the board of directors, of which Walter Chrysler continues to be chairman. The shifts came at an auspicious time because Chrysler Corp. had just finished one of the most spectacular half-years in history with profits of $18,659,000 and production at an all-time high (TIME, July...
Only last year Chrysler Corp. was a conspicuous example of profitless prosperity under the New Deal. With a 52% increase in total sales it actually earned 27% less than in 1933. This year Messrs. Chrysler, Zeder and Hutchinson cut retooling costs to the limit, eliminated certain gadgets from Plymouth, trimmed management expenses in general. The rich fruit of this cost-stabilizing policy was apparent in the percentage comparisons of this year's earnings which showed that while dollar sales increased 30%, dollar profits jumped 126%. Last week the board of directors voted a regular quarterly dividend...