Word: kendrick
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MANHATTAN'S Kendrick R. Wilson Jr., 51, last week was something like a Tiffany manager moving into a ten-cent store. A financier who was trained at U.S. Trust Co. and Lehman Bros, before he rose to the chairmanship of widely diversified Avco Corp., he agreed to a deal by which Avco would acquire a small-loan company, Canada's Delta Acceptance Corp., for $48 million in stock. The swap is anything but penny ante for Avco, which has been shopping for growth companies in the civilian market to expand its own $514 million volume in missile parts...
...Kendrick R. Wilson Jr., chairman, Avco Corp...
...General Clay is now with Lehman Brothers," said Avco Board Chairman Kendrick R. Wilson Jr. "He's an army officer who made good," added Funston. Khrushchev raised a pious eyebrow: "You have 190 million people. Why don't they all make good? Certainly they have not trespassed against...
While many businessmen groan about "profitless prosperity," one manufacturer of everything from manure spreaders to nose cones has reversed the trend: profits are rising despite slipping sales at New York's Avco Corp. Last week Chairman Kendrick R. Wilson, 48, a onetime Wall Streeter told a luncheon of securities analysts that Avco's earnings for the first nine months of its fiscal year jumped 20% to $8,800,000, though sales slumped 3% to $234 million. As soon as Wilson sat down, his good friend, President James R. Kerr, 44, got up and explained how Avco turned...
Besides Whitia, who is also Director of the Office of Tests at Harvard, the faculty will include John M. Duggan, Director of Guidance Services for the CEEB; S. A. Kendrick, Vice President for Examinations and Research of the CEEB; and B. Alden Thresher, Director of Admissions at M.I.T...