Word: leone
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Dates: during 1940-1949
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Civilian Supply remains in the capable hands of Leon Henderson, who also doubles as the Administration's Price Boss...
Massachusetts' own Joe Martin several weeks ago made an attempt to come to the aid of the Captains of Industry without entirely ignoring the party. Suggesting, among other things, substituting Herbert Hoover for Leon Henderson to play quarterback at price administration should calm the nerves of Charles E. Wilson, president of General Motors. Mr. Wilson's fears for "the prerogatives of management" may be regarded as mildly symbolic. In fact, there is much evidence to show that Big Business has not been enthusiastically supporting the victory production campaign. This statement might also be regarded as mild. Whether or not Martin...
...same time industrial production is proceeding "as usual," it is enjoying more than comfortable profits. According to Leon Henderson profits are up 169 per cent over the 1939 level and are still rising. In the first six months of 1941, they increased 33 per cent over those for the similar period the previous year. Even the Wall Street Journal says that profits have increased. There has been a price rise of 14 per cent of which only 7 per cent is due to labor costs, Isidore Lubin, U. S. Labor Commissioner, reported to a Senate committee. Lubin further asserted that...
Jesse Jones was apparently not worried. He talked blithely of stepping up synthetic rubber production, which ran around 12,000 tons last year, to 400,000 tons a year by the middle of 1943.* But he was almost alone in his optimism. Leon Henderson bluntly advised a House Committee, considering a suggestion to exempt Washington taxis from tire restrictions, that the nation's largest rubber stockpile in history (600,000 tons) would not stretch more than seven months if normal consumption were permitted. Harsh were his facts on tires: in the face of a normal demand...
...special remember-the-dealer House hearing in Washington, tough Leon Henderson promised relief. Under the coming rationing scheme dealers will get full list price, plus up to $75 per car for "handling and delivery." Furthermore, RFC this week announced it had earmarked $100,000,000 for loans to dealers. This will prevent any gouging by banks and finance companies holding dealer notes...