Word: kuhne
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Dates: during 1930-1939
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...customers' attention in elaborate analyses of the new industry. Some people cocked a skeptical eye at the mushrooming of William Fox or the Brothers Warner but certainly Paramount Publix seemed a citadel of cinematic conservatism. Indeed, Paramount was the $300,000,000 medium through which the House of Kuhn, Loeb & Co. had seen fit to lift the film industry to the financial equal of steel and railroads. But Paramount had an Achilles heel. In the process of acquiring the world's longest theatre chain (1,600), the company had wisely paid in common stock instead of in cash...
...What was more, they had shrewdly purchased most of the bonds after the company went bankrupt. Thus it was that Messrs. Hertz, Odium et al. had much more to say about the reorganization plan which went to the courts last November than the orthodox protective committee on which sat Kuhn, Loeb Partner Sir William Wiseman...
...secret was John Hertz's cordial dislike for the banking house at No. 52 William Street, Manhattan, but Kuhn, Loeb was an enduring tradition in Paramount. Not until last January was the final Kuhn, Loeb fade-out effected. Then the slate of new directors was proposed without a Kuhn, Loeb partner. The $6,000,000 of underwriting involved in reorganization was handled by Mr. Odium's Atlas Corp. for a nominal 1% (TIME...
...President Fink who best knew the creaking old elevators at No. 52 William Street. Kuhn, Loeb & Co. had helped Mr. Fink build his strategic plant in a bottomless swamp on the Detroit River, thereby confounding more orthodox steelmen who for more than engineering reasons freely predicted that his mills would sink out of sight. When Mr. Fink called with his friends last autumn, the Kuhn, Loeb doors were open. Inside, the triumvirate was greeted by Partner Lewis Lichtenstein Strauss (pronounced straws), who is something of an authority on the steel industry and the specialist- insofar as Kuhn, Loeb has specialists...
...where his father was a merchant, Partner Strauss was an aide-de-camp to Herbert Hoover in France and Belgium during the War. What is more he is still a stanch Hoover friend and admirer. The late Mortimer Schiff met Mr. Strauss in Paris, asked him to work for Kuhn, Loeb. He was made a partner in 1929 at the age of 33. Like many a past Kuhn, Loeb partner who was not the son of a partner, Partner Strauss married a partner's daughter-in this case Jerome Hanauer's Alice...