Word: krider
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...When the annual meeting publicly exposed Avery's slipping grip and Corporation Secretary John Barr had to take over the gavel, the five directors knew they could wait no longer. They decided that Avery must be replaced by up-and-coming John Barr. Also slated for ouster: Edmund Krider, 42, an ex-accountant picked as $76,000-a-year president by Avery in 1952, who was considered to possess Avery's ruthlessness without either his charm or ability. The directors tackled Avery again, suggested that having won over Wolfson, he retire at his peak. Avery again refused, saying...
Once, Avery launched into a disjointed discourse that rambled on for 27 minutes. A stockholder wanted to know why President Edmund Krider was being retained in view of Ward's steady profit drop. Avery turned away in bewilderment, searching for the voice out of the loudspeakers. "Turn him around." someone howled. Avery struggled for his bearings, turned back and pleaded: "I can't hear that at all. What's the purpose?" (Avery's daughter, Mrs. Rogers Follansbee, a spectator at the meeting, wept...
...time." The traditional right of a majority is also "impaired," since the majority would have to "wait for two or three years" to get control of the company. Claim & Counterclaim. Wolfson's court victory was no proof that he would win the proxy fight. Ward President Edmund Krider, who said that the company had spent $125,000 on the fight so far, boasted that Avery had proxies for "well over 51% of the 6,700,000 shares outstanding." Therefore, said Krider, "There is no chance that Mr. Wolfson and his backers will elect a majority." In Chicago...
...Manhattan Edmund A. Krider, Ward's 43-year-old president, charged that Wolfson is hoping to rescue several of his own companies by taking over the mailorder house and forcing it to buy from Wolfson-run enterprises. Krider assailed Wolfson and his associates for taking 166,975 low-priced shares from one firm that they controlled (New York Ship: building) and trading them on an even basis for higher-priced shares in another Wolfson-run company, the construction firm of Merritt-Chapman & Scott. The deal, said Krider, netted them over $2,000,000. A reporter wanted to know what...
...Beating Krider into town by a day, Wolfson gave a new set of supporters, inluding Restaurateur Toots Shor, Jack Dempsey and Joe and Dom DiMaggio, a glowing report on the earnings and divi-lend records of his companies. Wolfson aid that he would propose a three-for-one tock split and a 40? quarterly dividend hat would bring stockholders $1.80 more han the present $3 rate. An uproar started when Lewis Gilbert, perennial heckler at many a stockholder meeting, jumped up shouting to be heard. Gilbert wanted o know how Wolfson could tell the press ast October that he controlled...