Word: koolish
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...later reorganized under various names) raked in $19.5 million in donations under a fund-raising contract with the Sister Elizabeth Kenny Foundation. Of this $19.5 million, Empire kept $11.5 million for fees, commissions and expenses, turned over only $8,000,000 to the foundation. Boss of Empire: Abraham L. Koolish, presently under indictment in Chicago on a federal charge of mail fraud (raising funds for a phony charitable organization that was supposed to help disabled war veterans but never...
...President & Director Ralph Stolkin and Director Abraham Koolish, his father-in-law, who have frequently tangled with the Federal Trade Commission and Better Business Bureau because of their punchboard promotions, mail-order life insurance and other past activities (TIME, Oct. 27). ¶Director William Gorman, the board representative of Oilman Ray Ryan, another member of the Stolkin-Koolish syndicate which bought control of RKO a month ago. Ryan's name had cropped up in the Kefauver hearings when it developed that he and Racketeer Frank Costello had an interest in the same oil lease. ¶Sidney Korshak, a Chicago...
Though Stolkin. Koolish and Ryan keep their big stock interests in RKO, Board Chairman Arnold Grant, who insisted on the resignations, said that henceforward they would be considered "no more, no less than ordinary stockholders." Grant hopes to fill the empty posts quickly "with men of outstanding caliber." They will have to be outstanding to pull RKO out of its present troubles. The company, said Grant, is losing money at the rate of $100,000 a week; he expects to get it into the black in two years...
Riding High. Director Koolish had a life story as full of ups & downs as a movie serial. He got his start with the K. & S. Co., founded with a Chicago partner in 1915, to sell cameras, jewelry and novelties by mail. Sometimes K. & S. mailed out unsolicited merchandise, gambled that enough people would send in their money to turn a profit. Often Koolish mailed out punchboards, furnished the merchandise prizes for the lucky winners. He spread out to candy (Chicago Mint Co.), counter devices such as peanut vendors and handgrip measurers (Pierce Tool & Manufacturing Co.), silk stockings and insurance. Koolish...
Three times the Federal Trade Commission ordered one or another of Koolish's enterprises to halt its "false and misleading" claims and other practices. One Koolish company, Westminster Life, sold mailorder insurance that offered payments of "up to $7,500" on premiums of only $1 a month for an entire family. The Chicago Better Business Bureau was told by postal inspectors that 67% of the death claims were rejected, and 24% brought payments of $10 or less. Among the small-print conditions on Westminster health inSurance: policyholders were insured against chicken pox, mumps and measles-provided they were over...