Word: kaiser
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Dates: during 1950-1959
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...largest automobile merger since Chrysler took over Dodge in 1928, Kaiser bought...
...urgent call from Washington brought Speaker Joe Martin flying down from Massachusetts in a hurry. Senator Styles Bridges, conducting the opening hearings of his investigation into Kaiser-Frazer's C-119 contract (see BUSINESS), left his gavel with Vermonter Ralph Flanders and rushed off to the White House. President Eisenhower received Martin, Bridges and seven other Republican House and Senate leaders in the Cabinet Room. He had called them together, he explained, to dis cuss a rider which the Senate Appropriations Committee had unexpectedly at tached to the $1.1 billion appropriation for the Departments of State, Justice and Commerce...
When New Hampshire's sharp-tongued Senator Styles Bridges charged last November that the Air Force was paying Kaiser-Frazer $1.2 million apiece for the same C-119 Flying Boxcar that Fairchild Engine and Airplane Corp. made for $260,000, K-F's President Edgar Kaiser cried foul. He took newspaper ads in ten cities to answer the charges of K-F's inefficiency (TIME, Nov. 24) and invited a congressional investigation. Last week...
...Busy Day. Up before the Senate's Preparedness subcommittee came Truman's ex-Under Secretary of Air John McCone, a Los Angeles Republican, ex-steel-man and onetime shipbuilding associate of Henry Kaiser. McCone recited the crowded events of a busy day in December 1950. In the morning, Kaiser-Frazer got a $25 million RFC loan; at noon, Henry and Edgar Kaiser met McCone at lunch to ask him about defense work; in the afternoon, Fairchild Engine and Airplane Corp. was notified by telephone that Henry and Edgar would come out to Hagerstown, Md. next morning to pick...
...contract $715,631 of vacation pay for workers who had earned it from auto motive work. Other items disallowed: 1) $4.2 million of automotive costs, which would have eventually totaled $56 million if not eliminated; and 2) a charge to the Government for 65% of the cost of Kaiser's ads replying to Senator Bridges...