Word: kappel
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Dates: during 1960-1969
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Support from the Club. Though many businessmen were miffed by Johnson's Indian-giver tactics on the 7% tax credit, his proposal was endorsed in testimony before Chairman Wilbur Mills's House Ways and Means Committee by three corporate chiefs: A.T. & T.'s Frederick Kappel, the Pennsylvania Railroad's Stuart Saunders and Campbell Soup's William Murphy. They agreed to testify under pressure. Commerce Secretary John Connor phoned Murphy, urged him to testify and to recruit other members of the President's "club" of business advisers to come...
Murphy got in touch with Kappel and Saunders, then saw the President in the White House, told him that if business was to be called on to make its sacrifice, then it was also high time for Johnson to cut spending and to speak up more bravely against inflationary wage increases...
...corporations have paid out about $20.6 billion in dividends. Among last week's shareholder sessions: > A.T.&T. had previously reported a record-breaking earnings pace of $468,684,000 for the three months ending Feb. 28. That rate continued in March and April, said Chairman Frederick R. Kappel at a meeting in Detroit. "Business is booming, earnings are good, and the prospect ahead is for more of the same," said Kappel. However, in response to President Johnson's plea for corporations to combat inflation by cutting back on capital investment, A.T.&T. has reduced its 1966 expansion program...
Abusive calls have increased so much in recent years-New England Telephone Co. estimates up to 1,500 a month are made in its area-that A.T. & T. Chairman Frederick Kappel has called for a crackdown, and individual Bell companies are now declaring statewide "wars on obscene calls." Their most effective weapon is an electronic device known as "called-party holding," which the telephone company hooks up free. It consists of a small signal box that is linked to the nearest central office. By simply pushing the button on the box, the victim signals the central office, which immediately locks...
Rising Tempers. If so, the accord is hardly apparent. A.T. &T. Chairman Frederick Kappel has denounced the inquiry as "totally unwarranted and unnecessary," predicted that it will be "painfully slow and costly," with the "telephone-using public the loser...