Word: miracleman
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Another Propeller Club speaker who broke with established custom was Henry J. Kaiser. Miracleman Kaiser's plans for the future shocked some shipowners: he spoke for the operation of U.S. merchant ships without subsidies. Said he bluntly: "Subsidies create depressions." The Kaiser method: cut costs by paying crews a minimum wage, but giving each seaman a share in the profits earned by the ships they serve on. Said Kaiser, serving notice on the shipowner audience that the Kaiser empire may start its own shipping company: ". . . Whether it be labeled 'publicity' or not ... it will be my personal...
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