Word: miranda
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Ignacio sold Brewster's president James Work on the Miranda Bros, at a 12½% maximum commission. (The purchaser paid for it in higher prices.) Miranda-sold orders poured in from Britain and Holland, both rearming...
...settlement designed to unravel Brewster's main financial tangle: a stockholders' suit claiming that the corporation had been milked by three supersalesmen who took enormous commissions on foreign war contracts that Brewster would have got anyway. The salesmen: the brothers Alfred J. and Ignacio J. Miranda, and their partner, Felix William Zelcer. The settlement: the trio got clear title to $2,800,000 in commissions already paid them, to $800,000 they were paid as brokers on accessory sales, and to $500,000 of the $2,300,000 still due them...
Miraculous Mirandas. Mexican-born (1897, 1898), U.S.-naturalized (1930) Alfred and Ignacio Miranda have had quite a career. When their father's New York City export business went broke (he backed the wrong general in Mexico's Madero revolution of 1910), they left school to learn the export business themselves. By 1921 they knew enough to form their own outfit, Miranda Bros. Inc., prospered by selling things below the Rio Grande. First it was automobiles. Then they became minor-league merchants of death, unloading leftover U.S. war supplies in Latin America and in the Balkans. The leftovers...
...side Miranda Bros. Inc. found plenty of other things to sell. In 1926 they tied up with Major Alexander P. de Seversky, sold transport planes for him in Europe and Asia. They hawked Captain Melvin Maynard Johnson's famed semi-automatic rifle, finally landed him a big Dutch order. Through Seversky they hooked up in 1938 with Felix William Zelcer, a Polish-born ex-speakeasy operator with a yen for aviation...
Brewster's Buccaneer dive-bomber was full of mechanical bugs. The U.S. Navy took over, then moved out in a month and put in aviation oldtimer Charles A. Van Dusen. By this time the Miranda-Zelcer 10% stock interest was frozen in a voting trust, the commissions due them on new deliveries were frozen in stockholders' suits, and Brewster itself was solidly frozen in production and financial red tape. In came still another management - this time Miracle Man Henry J. Kaiser himself...