Word: kaisers
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...gallon hats and billion-barrel talk. Last week a band of ten Latin American and U.S. businessmen flew into Havana to promote the development of the country's oil resources. Among the officers of the newly chartered Cuban-Colombian Petroleum Co.: Board Chairman Joseph W. Frazer. once of Kaiser-Frazer Corp., who now heads a uranium company; Director John A. Roosevelt, youngest of F.D.R'.s four sons, whose business ventures have ranged from department stores to home permanent waves; President Octavio Reyes Espin-dola, onetime Mexican Ambassador to Cuba and a close associate of Cuban President Fulgencio Batista...
...boss of Cleveland's Otis & Co. and the Chesapeake & Ohio Railway, was helped up, then knocked down, by the U.S. Government. Otis was cleared by the Securities & Exchange Commission of six-year-old charges that it welshed on a $10 million deal to help float stock for Kaiser-Frazer Corp. But Internal Revenue agents handed Eaton a $1,570,000 bill for back income taxes (1943) on a $1,909,000 profit he made by transferring stock between two Canadian iron-ore companies...
...KAISER-WILLYS is on the auction block, may be broken up and sold piecemeal. President Edgar Kaiser offered it to Chrysler Corp., but was turned down. Chrysler has shown interest in the money-making jeep business and Packard in the Maywood (Calif.) assembly plant. But nobody seems to want Kaiser-Willys as a package. The sale is being forced by continuous losses and the fact that Henry J., now 72, needs son Edgar on the West Coast to help run the rest of the Kaiser empire...
...Kaiser Foundation's Dr. Clifford Keene promptly asked for an amendment to recognize that "freedom of choice" is satisfied where the subscriber elects, of his own volition, to be treated by a group or a single doctor within a group. That was the heart of the matter. Suave and diplomatic ex-President Louis H. Bauer saw the trouble that would be caused by the issue and suggested that the A.M.A.'s judicial council takes a year to think it over. The delegates jumped at the idea...
...Best exemplified by the Health Insurance Plan of Greater New York, with 400,000 subscribers who pick a "family physician" from a panel of about a dozen in each of 30 groups, and California's Kaiser Foundation Health Plan also with 400,000 members (TIME, June...