Word: lum
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...year was an unusual one." With this understatement, Chrysler President Lester Lum ("Tex") Colbert invited stockholders to Chrysler's annual meeting last week. Despite the majority of proxies safely in his pocket, Colbert knew that he was in for a rough day from a hard core of dissident minority stockholders. Chrysler's first quarter shipments in 1961 were down 57% from last year, with no great upturn forecast for the second quarter. To cut costs, nearly 7,000 salaried workers had been fired. "If we had been able to combine our progress in cost reduction with a comparable...
...forget that part of our past which was anything but pleasant more quickly than people in the countries affected by it." A proxy statement from the stockholder-harassed Chrysler Corp., which just en joyed its first profitable year since 1957, mentioned a raise for Chairman-President Lester Lum Colbert, whose compensation totaled $260,650. Colbert's compact-era 1960 salary boost...
Four days after the Minor suit, Stockholder Sol A. Dann, the company's most persistent critic, revealed that Chairman Lester Lum Colbert's wife Daisy owned shares in Detroit's Dura Corp., a Chrysler supplier. Colbert admitted it, explained that she had owned 444 shares for a year at a cost of $6,800, made $2,900 profit when she sold early last year...
...president of Chrysler Corp., William C. Newberg, 50, decided that he had been played for a sucker. Last week Newberg, who was forced out because of profits he had made from ownership in two of the company's suppliers, sued Chrysler. He charged that Chrysler Chairman Lester Lum Colbert and fellow board members had used him as a scapegoat to prevent discovery of "incompetence, maladministration, neglect, breaches of duty and self-dealing" on their part. He asked for cancellation of his agreement to pay Chrysler the $455,000 profit he had made from the suppliers. He has already paid...
...Wilhelm (10-8). Richards, a lean, bronzed Texan right out of High Noon, leaves the veterans alone (as long as they perform), spends so much time with his kids that he is sometimes accused of overmanaging. "Richards has more patience with his players than any manager around," says Coach Lum Harris, who, as player and coach, has been with Richards for most of 13 years. ''He never raises his voice. He is one of the great teachers in baseball...