Word: inc
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Dates: during 1930-1939
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Gruff, bespectacled President Coburn had tied the sprawling transport line of the corporation into the closely knit system which is now American Airways Inc. He abandoned some unprofitable lines and added new routes until it was possible to fly from Montreal to Los Angeles via American Airways. Before he took office Avco had more than 80 subsidiaries (including schools, charter services, factories, sales companies). Before he left there were less than 20. His economies reduced a net operating loss of $2,464,000 for the first nine months of 1930, to $628,000 for the same period last year...
Hardworking, conscientious President Coburn had his critics in the directorate. Some said he erred in his manufacturing policy. When, last year, youthful Sherman Mills Fairchild retrieved his Kreider-Reisner Aircraft Co. Inc. and aerial camera companies from Avco, the corporation retained the Fairchild airplane factory at Farmingdale, L. I. and proceeded to build a new single-engine mail-&-passenger plane called the Pilgrim. This manufacturing operation, said Mr. Coburn's critics, was extravagant. The plane, they said, is already obsolete. Others found fault with the president's insistence on burdening himself with detailed responsibility (by which he threatened...
...investment broker, President-elect Cohu learned aviation from the inside after his firm organized the investment trust called Air Investors Inc. (a substantial stockholder in Aviation Corp.). When the management of that firm became involved, Broker Cohu was made president. Year ago he was elected a director of Avco, became known as "a sort of Col. House of the directorate." He held no other office but was always being called into important committee meetings...
...field. After the War he convinced Blair & Co. and William Salomon & Co. that he was a good man to work with. He also convinced them that they should work with each other to the extent of merging. They did and Mr. Armsby went with them. When Blair & Co., Inc. was bought by Transamerica, Mr. Armsby found himself working for his longtime California friend and oldtime fellow fruiterer, Amadeo Peter Giannini. When Elisha Walker, then chairman of Bancamerica-Blair, and Mr. Giannini began to disagree, Mr. Armsby took no sides, respecting his friendship with each...
General Hat Four famed U. S. hat names are Dobbs, Knapp-Felt, Knox, Dunlap. The first two belong to Cavanagh-Dobbs, Inc., a company whose roots run back to 1858 and which boasts of having introduced the first U. S.-made derby in 1860. The other two belong to Knox Hat Co. Inc., founded in 1838 by one Charles Knox. Last week Dobbs-President John Cavanagh announced a merger with Knox Hat. A new holding company, General Hat, will take over both concerns. Although both Dobbs and Knox have been making adjustments in their retail store outlets, General...