Word: kaisers
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Dates: during 1950-1959
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What is an important in this strike as the particular issues involved are the implications for collective bargaining. On one hand, the chief negotiator for management has claimed that the steel union president holds power sufficient to cripple United States industry; on the other hand, the pressure of Kaiser Steel and the industry-wide front indicate that the industry's oligopoly is as much a potential threat as is the Union's power. Such large units are not only bargaining for their own livelihoods; their hugeness makes their conflicts and their settlements a public concern...
...business, Edgar Kaiser does not let his private life get into a mold. He wears rakish Tyrolean hats, likes to drive at high speeds, operate his motor boat in the roughest seas, set off powerful firecrackers (one of which ruptured his eardrum). He often buys clothes for his wife, personally outfitted the entire wedding party of one of his three daughters, all married (he also has three sons, Edgar Jr., 17, Henry, 15, and Kim, 11, in Eastern prep schools). Whether Edgar and his wife are ensconced in their six-bedroom, Spanish-style home in Lafayette, Calif, or speeding around...
...EDGAR KAISER'S decisive move to settle with the Steelworkers reflects a lifetime career of troubleshooting. Father Henry J. worked out the broad ideas that built the Kaiser empire, stubbornly pushed them, in the face of ridicule and skepticism. Behind him, putting the ideas to work, came Edgar and a group of University of California college friends, including Eugene E. Trefethen Jr., new vice chairman of several Kaiser companies, and D. A. ("Dusty") Rhoades, new president of Kaiser Aluminum & Chemical Corp. When Henry J. won a contract to build the main spillway dam at Bonneville...
...When Kaiser went into shipbuilding in World War II, Edgar took over half the operation, Trefethen the other half. Despite skepticism from every quarter, the Kaiser shipyards went on to build more vessels than any other shipbuilder during the war. At the same time, the Kaisers also had their first run-in with the steel industry, when they announced plans to build their Fontana steelworks on the West Coast with an RFC loan. Despite the industry's opposition, Kaiser built the largest steel plant west of the Mississippi (in ingot tonnage), paid off the Government loan 20 years ahead...
...KAISER moved into automaking, and Edgar again got a big job-running Kaiser-Frazer. But the auto industry proved too tough to crack. K.-F. lost about $52 million before it stopped making passenger cars. Edgar cut the loss by buying up the assets of Jeep-maker Willys-Overland, now Willys Motors, which last year contributed $6,848,000 in earnings to Kaiser Industries. In 1954 he moved West to take charge of the Kaiser empire, and Henry J. headed for Hawaii to build a new empire there, including his latest enthusiasm: a $350 million resort-residential city on East...