Word: lambs
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...work and play, Toledo Lawyer Edward K. ("Ted") Lamb easily matches the conventional picture of a capitalist. His Edward Lamb Enterprises, Inc. includes six radio and TV stations, the Erie (Pa.) Dispatch and six manufacturing concerns, with a total value of more than $30 million. He flies to plush ski resorts in his blue-grey Aero Commander, has an autograph collection valued at more than $50,000, and lives in a 126-year-old, $300,000 mansion. But to the Federal Communications Commission, Ted Lamb's capitalistic coloration is suspect. For ten weeks it has been investigating charges that...
Testified his ex-secretary, Mrs. Evelyn Runge: "Mr. Lamb said that while in Russia [in 1936, as a tourist-writer], he attended a Communist school . . . when Earl Browder was there." Lamb pooh-poohs the assertion. A Toledo cement finisher swore that he saw Lamb give money to Lincoln House (the city's Communist headquarters) at its dedication...
...Winner. Last week, while Lamb prepared his answer to the charges, he was also busy giving another demonstration of his capitalistic prowess. This time it was in a fight for control of Toledo's Air-Way Electric Appliance Corp. (vacuum cleaners). Lamb teamed up with ex-Attorney General J. Howard McGrath, began buying Air-Way stock last spring to gain control. When the management found out about the plan, it tried to merge with Manhattan's Firth Carpet Co., but Lamb blocked the deal. Then Lamb went to court and forced the company to call a special shareholders...
Before the meeting was over last week, Air-Way President Joseph Nuffer threw in the sponge. He agreed to a board composed of four men from each side and a neutral outsider to run the company until the regular annual meeting in March, when Lamb, with 215,000 of the company's 366,841 shares, expects to take over completely. Lamb plans to use a good portion of Air-Way's cash and accounts receivable (about $8,500,000) to increase dividends (now about 80? a share) and buy other small firms, thus diversify the company...
Portal to Portal. The Air-Way fight was typical of Promoter Lamb, who likes nothing better than a good scrap. The son of a commercial fisherman, he worked his way through Dartmouth ('24), spent a year each at Harvard and Yale, and then graduated from Western Reserve Law School...