Word: kaisers
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...retired. Fred Ferroggiaro has been with the bank longer than any other employee, starting as a messenger boy in 1906. He was made vice president in 1931, executive vice president in 1940, and from 1944 on also supervised the bank's major loans (e.g., to Henry Kaiser, Israel, etc.). Given the chairmanship as an honorarium, he will retire on his 6 5th birthday next May. ¶ Carleton Putnam, 52, announced that he would step down as board chairman of Atlanta's Delta Air Lines, Inc. this week. A well-to-do Princeton graduate ('24), Putnam bought...
President Juan Perón has had more nibbles than bites since he began fishing for U.S. private-investment capital 14 months ago. Last week he landed his first catch: U.S. Industrialist Henry Kaiser, who signed a contract to manufacture cars and trucks in Argentina. Said Kaiser: "In all my life, I have never met anybody as effectively dedicated to the promotion of an automobile deal as General...
Under the terms of the deal, Kaiser and the state-owned IAME (Aeronautical & Mechanical Industries Corp.) manufacturing trust will hold 51% of the stock in a new automobile plant to be built and operated by Kaiser. The rest of the stock will be sold to private investors in Argentina. Kaiser will put up some $10 million, mostly in automaking equipment, and IAME will put up $5,700,000. Planned yearly production (by 1957): 40,000 vehicles-passenger cars, station wagons, jeeps and light trucks. Argentina has been car-hungry since 1947, when restrictions to save dollar exchange cut imports...
Almost as ingenious was an idea from Industrialist Henry Kaiser. At Cordoba, 400 miles northwest of Buenos Aires, he looked over the state-owned plant that produces cars, tractors, motorcycles, jet planes, light planes, gliders, parachutes, trucks and plastic boats. Kaiser's offer was to put $25 million into an assembly line for the state plant and to supply the know-how for building Kaiser and Willys cars. Until the factory could supply the market, Kaiser proposed to export his U.S.-made cars to Argentina. Perón signed an "agreement in principle" for the deal...
...some restricted areas of the econo my, workers have actually had to take pay cuts. Most notable were the cuts by Kaiser-Willys and Studebaker (TIME. April 26; Aug. 23), which may soon be followed by downward adjustments in fringe benefits by American Motors. In eastern Pennsylvania's Panther Valley last week, some coal mines closed by Lehigh Navigation Coal earlier this year were getting ready to start production under new operators. The action was made possible by a work-harder, produce-more plan signed by the union...