Word: kaiser
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Dates: during 1950-1959
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Detroit's pessimism, like its unemployment, is more than merely a symptom of the U.S.'s current recession. The recession only made chronic trouble acute. Memories of dead or departed auto companies-Hudson, Packard, Kaiser-Frazer-remind Detroiters that trouble in the auto industry can have something to do with bad management. "You know," says a businessman, "when we were the arsenal of democracy, there was a great premium put on inefficiency of operation. The more payroll a company had, the more profit it would make on the cost-plus arrangement. And when the war ended, there...
...European businessmen last April to explore the idea of investing on a minority basis in Arab business. When Rykens got a favorable reception, he took off on a quick tour to line up more than 80 European and U.S. firms, including such giants as the First Boston Corp., Kaiser Industries and the Rockefellers' International Basic Economy Corp. Rykens carefully avoided both governmental assistance and the oil industry, which might have aroused Arab resentment, then tried his idea on the Middle East last fall. When he received a solid show of interest from businessmen and found no opposition from Arab...
...basic price of aluminum is on the way down. Without warning last week. Aluminium Ltd., Canada's giant producer, announced that it would cut prices 2? per Ib. to 24?, thus undercutting all free-world competition. No one was more surprised than the three dominant U.S. producers-Alcoa, Kaiser and Reynolds-who expected to maintain the price of primary aluminum at 26? per Ib., perhaps even raise it because of an impending wage hike. Yet within 24 hours, the top brass of each company hastily gathered, and one by one cut their price to 24? per Ib., announcing that...
...producers, who export less and are not quite so worried about Russian competition, have not retrenched as much as Aluminium. Reynolds is operating at 95% of capacity, and expects to add 112,500 tons additional capacity this year. Kaiser, running at 90%, recently brought in half of its new 145,000-ton Ravenswood plant, has deferred inauguration of the other half. Alcoa has postponed ail of its expansion plans, dropped its operating rate to 75%, "barely enough to keep the pipeline filled...
Oakland Industrialist HENRY J. KAISER...