Word: kappel
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Dates: during 1950-1959
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AMERICAN TELEPHONE & TELEGRAPH BELL SYSTEM. Earnings for the quarter ending May 31 jumped to $1.32 a share, v. $1.16 a year earlier. President Frederick R. Kappel said that nearly 800,000 new telephones were connected in the quarter and that long-distance conversations rose more than 10% over last year...
...telephoned with such enthusiasm in the first quarter that it helped American Telephone & Telegraph raise its per-share earnings from $2.76 last year to $2.81. The Bell System, announced President Fred Kappel, added about 725,000 new telephones in the quarter, 66% more than in the first three months of 1958. The telegraph wires were also humming; Western Union announced a first-quarter profit of 55? a share...
Boss for the Boss. Kappel lives modestly for a man of his position and salary ($200,000 a year). He dresses conservatively, usually in blue serge suits. His modest four-bedroom house in Bronxville, N.Y. is distinguished only by its six telephones, which cost him nothing. He and his wife, a University of Minnesota girl, have two daughters. An elder of the Dutch Reformed Church, Kappel does not smoke, drinks rarely-but can play shirtsleeve poker (a quarter a raise) with the best...
...Kappel is a demanding boss, but he softens visibly when he talks about the public-which he still considers his boss. "If anyone needs to be sobered up about his responsibilities in this job," he says, "he just has to realize what kind of people own stock in A. T. & T. Half of them are women, and many are widows. They depend on this thing...
...frequent use of the long-distance wires to call Granny (three or four kids are usually pictured waiting to get on the line-and they usually do). "There are still elderly people who worry about when their three minutes are up," says Fred Kappel happily, "but young -people pay no attention...