Word: masterson
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Lucky Loophole. Otis & Co. had slipped out of the money-losing deal through a loophole provided in the nick of time by a Philadelphia lawyer named James F. Masterson. The day the underwriters were to have paid K-F for the stock, Masterson had filed suit in Detroit to prevent the stock from being sold, charging that the company had rigged the price of its stock and that the underwriters would make an excessive profit on it. Fortunately for Otis & Co., its contract with K-F provided that such a suit would nullify the deal...
...Wall Streeters thought it quaint that Lawyer Masterson should be attacking Otis & Co. In a previous suit, he had been Otis' counsel. This moved Kaiser-Frazer to charge, in its own suit, that Otis & Co. "inspired" Masterson to disrupt the deal. But Masterson had another story. He charged that Kaiser-Frazer profits were finding "their way into the pockets of Kaiser and Frazer personally [via parts companies and other agencies personally owned by them] and not to the stockholders." He said the accounting he demanded would "wise up the whole country about Mr. Kaiser...
...little stronger than last year," assorted the coach, banking on a plentiful supply of new men and his four returning varsity duelists: Captain John Gay, Norman Ellis, Tom Masterson, and Bill Raney...
From the time the Legion formally notified me, Oct. 16, that the picture had been given a condemned rating, until it announced, Dec. 8, the change in classification, arduous and painstaking negotiations were in progress every day. The day after I received a letter from Father Masterson, Executive Secretary of the Legion, informing me of the classification, I met with him for an extended discussion, during which I told him that we were prepared to do anything possible to eliminate those features of the film which the Legion found objectionable. From that day on, officials of the Legion and executives...
...approved arrangement was announced by Thomas A. Masterson '49, chairman of the Election Committee. It provides for numerical selection of the permanent committee and a preferential choice of the three class marshals. Voters will choose a minimum of four and a maximum of 12 men for the committee and will indicate with A, B, and C their preference for the class marshals...