Word: odlum
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Dates: during 1940-1949
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Miss Cochran (wife, in private life, of Tycoon Floyd B. Odlum) expects to find 375 U.S. women pilots, to augment 200 U.S. males now flying in the Air Transport Auxiliary. Women who get in will be paid an average $4,000 a year. First candidates are expected to be in Britain, ready for service, within five weeks...
...implication left by TIME (Nov. 17) that President K. T. Keller and Chrysler Corp. blocked efforts of Floyd Odlum to obtain 25% subcontracting on tank production is absurd, unfair to those men and the automobile industry, and unworthy of TIME...
...TIME meant no dispraise to able President Keller or to the auto indus try. Its point was that Mr. Odlum had allowed himself to be balked on writing a subcontracting provision into the tank contract. In so doing TIME'S story failed to give the auto industry the undisputed credit due it as a master of the farming-out method. But it should be pointed out that the fact that 75% of a tank's dollar value comes from outside sources is not the same as 75% subcontracting. The 75% mentioned includes not only parts but "supplies...
...four consecutive dividends puts control in the hands of the 1,930,086 outstanding shares. Hence, Hearst management turns cartwheels to pay at least one 45? dividend a year making the Class A yield 8¾% at current prices (around 5). Aside from the control setup, Super-Statistician Odlum figured that the Class A was worth over $6 a share even after paying off all debts and eliminating the $84,500,000 of circulation, good will...
Convinced he had a real "situation," Odlum began buying Hearst Consolidated last July, has been at it ever since. By 1940's end he had quietly picked up 26,980 shares, has since added about 34,000 more. He is now by far the biggest of some 46,000 Hearst Consolidated stockholders, and if control ever passes to them, he will be in the driver's seat...