Word: m
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Dates: during 1940-1949
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...profit (equal to $10.28 a share) and the vice presidents were awaiting the customary (up to 50%) bonus on their $35,000 to $45,000 salaries. No, said Avery, there would be no bonus. Instead, the same amount would be given as a salary increase. Said Vice President Charles M. Odorizzi: "We'd have to stay a whole year to collect; it was a dodge to make sure he had us where he wanted...
National's stock, originally issued at $40 a share, had been selling at around $200 a share until last week. Then Broker James M. Johnston, representing an undisclosed customer, suddenly offered $280 a share. For $2.9 million he reportedly snared 80% of National's stock. A few days later, the directors eased President J. Frank White up into the board chairmanship and elected a new president, Barnum L. Colton, who was brought over from the National Savings and Trust Co. There he had been a vice president and had handled the United Mine Workers' deposits, chiefly...
...Robert Hall figures are carefully kept under the hat of U.M. & M.'s President Jacob Schwab, a shy, cold-eyed man with a passion for obscurity. His name usually gets into public print only once a year, when the U.S. Treasury lists him as one of the highest-paid executives in the , U.S. The latest list put his salary & bonus in 1946 at $440,542, third in the payments so far reported...
...Deeds. When the war gave U.M. & M. its big chance to expand, shrewd Jake Schwab was ready. At war's end, he kept right on expanding. Now his empire includes 33 companies, stretches from the U.S. (twelve weaving and finishing plants) and Canada (one plant) to South America, where U.M. & M. now has three plants...
Genial, bumbling Justin Miller, NAB's $75,000-a-year president, told the convention that he saw a faint light of hope. "I'm not so pessimistic as Wayne Coy or 'Deac' Aylesworth," he assured the delegates. "As long as radio profits are necessary to finance television, radio is not in immediate danger of giving...