Word: kemp
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Dates: during 1930-1939
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...battling fertilizer men of Virginia Carolina Chemical Corp. last week staged a new and surprising session of their long extended civil war. Last autumn Director George S. Kemp of Richmond brough about a complete management turnover with a new president, a new vice president and a new directorate, of which he was himself a member (TIME, Oct. 21 et seq.) In Richmond last week, while two polio sergeants saw to it that nothing more potent than personalities were exchanged, the anti-Kemp factor won a completely decisive victory. Headed by Alphonso Lyn Ivey, ousted from the presidency in October, they...
...Kemp fought a defensive as well as a losing battle. He did not even attend the stockholders' meeting. His side contented itself with refusing to send in proxies in the hope that the meeting would fail to establish a quorum. After much last-minute proxy hunting, the Ivey-men established their quorum and the managerial casualties began. The victors sent the losers a resolution which, in effect, asked them please not to take the new elections to court, as the company had already done enough quarreling. "They must be afraid," commented Mr. Kemp, "otherwise they would not have passed...
...Warfare in the Virginia-Carolina Chemical Corp. (TIME, Oct. 21 et seq.), was renewed when supporters of ousted-President Alphonso Lynn Ivey tried to oust dictator-like Director George S. Kemp. At a special stockholders' meeting they failed to muster a quorum of 365,875 shares of common and both classes of preferred stock. They did have a quorum of the 7% prior preferred, but Vice President Gustavus Ober adjourned the meeting. Still displeased, the Ivey faction held a rump session, debated what to do next. Dictator Kemp held his saddle by a margin of 62,709 shares...
Congress (51st and Broadway). A cabaret with a gigantic dance floor and show. There are clever dance arrangements complete with harp by the orchestra of Bob Sylvester, who formerly arranged for Hal Kemp...
Actual hostilities began in June 1932, when George Wilson, then Virginia-Carolina president, tried to arrange a merger with a fertilizing subsidiary of Armour & Co. Mr. Kemp was then not even a director, but as a stockholder and as a member of Bryan & Kemp, Richmond brokers, he took an interest in Virginia-Carolina's welfare. Objecting to the fact that the merger gave Armour a 61% interest in the new company, he rallied stock-holders against the consolidation, blocked it. Soon Mr. Wilson resigned, was succeeded by Vice President George Holderness. But the anti-Kemp, promerger faction remained unsatisfied...