Word: kaiser
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Dates: during 1950-1959
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Union Power Play. Early in the week McDonald scored on his divide-and-conquer campaign in a friendly contract-signing session with Chairman Edgar Kaiser of California's Kaiser Steel Corp. (2% of steel capacity). Steelman Kaiser (see BUSINESS), refusing to stick with other operators through the injunction procedure, signed a 20-month union contract giving his 7,500 employees a yearly wage-and-fringe-benefit boost worth 11.25? an hour, only a quarter of a cent more than the last industry-wide offer. To the Kaiser company, the terms made special sense because of its special situation, which...
...track was a resumption of bargaining between the steel companies and the United Steelworkers in Pittsburgh, while pressures mounted for settlement. The strongest pressure on the Big Steelmen came from small and medium-sized steel firms impatient for a settlement. This week the West Coast's Edgar F. Kaiser, the most impatient steelman of them all, broke the industry's united front and announced that he was ready to sign a separate peace with the Steelworkers...
...current blacklist, drawn up in Cairo, names 48 American firms. Included are Empire Brushes Inc., Kaiser Industries Corp., Dow Chemical Co. and Plough Sales Corp., because they have branches or agencies in Israel. Individual Arab countries have their own blacklists, which are even more capriciously kept. Philco radios and air conditioners were banned in Saudi Arabia even after the firm's name was removed from the Arab League blacklist. Last February, after Elizabeth Taylor bought $100,000 worth of Israeli bonds, the United Arab Republic banned any further showing of her films in Syria and Egypt. Presumably the boycott...
...announcing its decision to break away from the bargaining group, Kaiser said it was the "only responsible step we can take in the face of mounting national emergency...
...other companies said Kaiser's defection would not affect their determination to resist what they called an inflationary settlement...