Word: kellers
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Dates: during 1950-1959
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When the Chrysler Corp. delegated Lester Lum Colbert to negotiate a new wage agreement with the U.A.W.-C.I.O. last August, Detroit's automen gossiped that he was being groomed for the presidency (TIME, Sept. 4). Last week, Chrysler directors made it official. President K. T. Keller, nudging the retirement age of 65 and busy three days a week with his new job as director of the Defense Department's guided missile program, moved up to board chairman-a post vacant since Walter P. Chrysler's death in 1940. Into the presidency went "Tex" Colbert, 45, boss...
Colbert, born in Oakwood, Texas (pop. 1,086) and graduated from the University of Texas, is Chrysler's third president. Unlike Founder Chrysler and K. T. Keller, he did not come up through the shop. But he was K.T.'s personal choice, and also the. choice of Manhattan's Nicholas J. Kelley, the corporation's legal adviser and a potent voice in its affairs...
...good sharp young man who could get along with people," who hired Colbert out of Harvard Law School in 1929 to go to work in his Manhattan law firm. In 1933 Colbert was sent to Detroit as Chrysler's resident attorney. He got along from the start with Keller, who advised him to get some mechanical know-how if he wanted to get to the top in the auto business...
...Keller, 64, the stocky and tough president of Chrysler Corp., was named director of guided missiles for the armed forces. K. T. (for Kaufman Thuma) Keller will keep his job at Chrysler, work three days a week without pay as special adviser to Defense Secretary George Marshall. The job was created because the Army, Navy and Air Force each had its own guided-missiles program, and they had long been tangled in overlapping, petty secrecies and inefficiency...
After war's end, he was made president of the Dodge division, has had a finger in more & more corporate pies and a habit of working at high-compression speed. If Chrysler President K. T. Keller, who will be 65 this fall, should decide to retire, it looked as if Tex Colbert would be among the leading candidates to succeed...