Word: opm
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...OPM named a coordinator for its power section: tall, aggressive, young (33) Julius A. Krug. According to OPM, Krug will "handle all defense power problems." Krug lost no time in taking these words at face value. He romped through press conferences, held many a private interview. There was talk of his setting up an advisory committee to review the whole power situation. Then he announced a three-point OPM program to: 1) create three vast regional power pools; 2) assure "adequate power" for defense and civilian needs; 3) force better priorities for electrical equipment...
...advised." Sensing he had been caught off balance by a powerful opponent, Olds cooked up a scheme with his buddy, TVA Boss David Lilienthal, who has an older feud with Ickes. Lilienthal, for whom Krug worked at TVA, masterminded the tie-in with OPM (which has always wanted a voice in the power problem...
...OPM-FPC combination looked like a powerful gang-up on Ickes. But Ickes last week had not begun to fight. Nobody was power tsar...
...OPM last week figured that six U.S. corporations held 31.3% of the $9,839,000,000 Army and Navy supply contracts issued in the year ended May 31. This startling statistic has one simple explanation: munitions are a specialized product that few U.S. companies as yet know how how make...
...OPM's statistic was already out of date. Same day they released more comprehensive figures. Total actual and proposed defense expenditures through mid-July were $50,785,000,000 (including $3,669,000,000 in British orders through mid-June). Bethlehem Steel is still No. 1 war supplier with $1,228,242,000 in contracts; No. 2 is General Motors with $1,200,000,000 (placed or under negotiation); No. 3 Curtiss-Wright with $980,000,000. Consolidated Aircraft has $684,000,000, Glenn Martin $652,000,000. Many a newcomer was beginning to learn the defense business, getting...