Word: karr
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Financier Leopold Silberstein, who began building the company in 1951 with grandiose plans for its future. Then there was Corporate Raider Alfons Landa, who after a proxy battle forced out Silberstein in 1958. Landa brought with him a former publicity man and legman for Drew Pearson named David Karr, who deftly worked his way into the president's chair when Landa vacated it in 1959. Karr then moved himself up to chairman and brought in George A. Strichman from International Telephone & Telegraph Corp. to be president. Last week it was Karr's turn to go. After a bitter...
...everything from sidearms to diesel engines, and includes among its 14 subsidiaries the well-known machinery maker Fairbanks, Morse. The company ended 1961 with an $83,000 loss on sales of $141 million, and for the first nine months of 1962 was another $1,000,000 in the red. Karr proved ineffective in dealing with the company's problems. He tried to make too many decisions himself, and in the factory he lacked the experience to give Fairbanks Whitney what it really needs: a top-to-bottom overhaul of its inefficient manufacturing and distribution. After he brought in Strichman...
...David Karr was elected president by the board of directors, not "installed...
Board-Room Battlefield. By installing himself as chairman of the executive committee, and his protégé Karr as president, Landa thought he had assured himself of control of Fairbanks Whitney. But before long, the new board of directors began raising a hue and cry about mismanagement. Last May, after a 1961 loss of $83,600 on sales of $141 million, Landa resigned as an officer of the company. Subsequently, a score of lesser Fairbanks executives scurried off, and those who remained behind were so absorbed in boardroom battles that no one was left to mind the store...
...first half of this year, its largest division, Fairbanks Morse, has stuck stubbornly in the red. And small wonder. Even in its most up-to-date plant, Fairbanks Morse works with machine tools 22 years old, and its warehouses still use rope-rigged elevators pulled by hand. Karr, who will step up to chairman of the company, says: "We were well aware of the need to bring in a capable manufacturing...