Word: kappel
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...American Telephone & Telegraph Building on Manhattan's lower Broadway, Eugene Johnson McNeely, 60, was greeted by a fresh sign on the door, OFFICE OF THE PRESIDENT. For the third time in his 39-year telephone career, McNeely succeeds to a job previously held by Frederick R. Kappel, 59, who moves up to the company's long-unoccupied chairmanship and remains chief executive. McNeely, who joined the Bell System straight out of the University of Missouri Engineering School ('22), will supervise engineering operations, marketing and personnel. An energetic perfectionist, he keeps a golden telephone atop his desk, still...
RENSSELAER POLYTECHNIC INSTITUTE Frederick R. Kappel, president. American Telephone & Telegraph . . . . . . . . . Eng.D...
...there was little comfort in all the new records. The nation worried about a host of new economic problems for which there were no quick solutions; at home and abroad, it was buffeted by the winds of profound change. Frederick R. Kappel, president of American Telephone & Telegraph Co., spoke for many U.S. businessmen when he said: "We have more problems than we realized we had." As it entered 1961, the U.S. was caught in a business downturn so mild by past standards that economists vied with each other to give it a new name. But, mild or not, the recession...
...this excitement was caused by an announcement from President Frederick R. Kappel that the company would raise the annual dividend to $3.60 a share, from $3.30, effective in July. It was the second increase in two years, after the company had gone for 37 years without touching its dividends. Furthermore, Kappel announced that in February each shareholder will be given the right to buy one share of stock for every 20 held. He did not say what the price would be; but judging from Telephone's past performance on such offerings, it will be at least $20 below...
...consumer-are enjoying better business than ever. The biggest U.S. business, A.T. & T., installed 700,000 new telephones in the third quarter to push the total in use past 60 million. The number of long distance calls climbed 6%. The result, announced A.T. & T. President Frederick R. Kappel, is that his company's earnings rose 10? per share from last year to $1.40 for the third quarter...