Word: opm
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Oswald Jacoby's wife, Tennist Mary Zita McHale, got a job as a factory hand (hydraulic sub-assembly work) in the Dallas plant of North American Aviation. Onetime holder of national tennis championships in municipal contests, bridge tournament partner of her famed husband (now with OPM in Washington), she said she was having the time of her life as a factory hand, was spending all her wages on defense bonds...
Nobody could buy a new car or truck in the U.S. last week. Nobody can until a rationing system is worked out-probably by Jan. 15. OPM barred all civilian sales. Furthermore, OPA told Detroit that its January production quota would be its last. By month's end the assembly lines will dead-stop...
Tipoff: it has been predicted that, bad as Army & Navy supply has been, OPM is so much more hopeless that the gambit now is to forget OPM, strengthen the services with business talent. The board that he heads must now attack the job of leading some 50% of U.S. industry...
...OPM, not yet forgotten, last week got a new businessman to head up its industry branches: young (42), dark, movie-handsome Philip Reed, chairman of General Electric. Engineer-Lawyer Reed took only 14 years to go from G.E.'s lamp division to the shoes of Owen Young. Milwaukee-born, he got his engineering degree from Wisconsin (1921), his law degree (1924) at Fordham night school, while he clerked at Manhattan's patent law firm Pennie, Davis, Marvin & Edmonds. He got to G.E. via Van Heusen Products (collars) where he had handled some nasty patent problems...
Tipoff: the industry branches, which were one of the mainstays of Barney Baruch's organization in World War I, have been weak in this war, divided between Knudsen-Hillman and Leon Henderson. OPM took them all over last fall, since Pearl Harbor has intensified its efforts to make them a real policy bridge between Army & Navy and industry. Significantly Phil Reed is the policy head, not the production or sales genius...