Word: resoldering
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Dates: during 1950-1959
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...Secret? When Lasker, an 18-year-old stripling from Galveston, Texas, got a job in Chicago's Lord & Thomas agency in 1898, advertising was in its horse & buggy stage. Ad agencies were little more than space brokers. They bought space in newspapers and magazines at cut-rate, and resold it to advertisers at whatever markup they could get. They prepared little copy or art work. Lasker, who displayed a hypnotic, golden-tongued salesmanship from the start, soon changed all that. He laid out ad campaigns with newsy headlines and drawings, insisted on a 15% commission on the price...
...Lawson was called out of seclusion and summoned to Washington to appear before the Senate Small Business Committee. The Senators wanted to know why his university, claiming to be a tax-exempt institution, had paid $4,480 for 62 war-surplus machine tools "for educational purposes" in 1947, and resold 45 of them for $120,000. The committee also wanted to know if the University of Lawsonomy is a bona fide college. If not, it had no legal right to the machines...
...that job, Larson, an Oklahoma-born lawyer and World War II artillery colonel, has proved that he has resourcefulness and shrewd bargaining ability. Last December, when natural rubber soared to 78? a lb., Larson took over the buying of all U.S. rubber imports, then resold the rubber to private industry at a loss. By so doing, he drove the import price down to its present 46? a lb., but Larson is selling to industry at 52? until the Government's loss on the purchases is recovered, As head of DMPA, Larson will be responsible to Charlie Wilson for finding...
Then came the really tough part: under the rules, such surplus equipment could be brought back to the U.S. under bond for repair, but could not legally be resold in the States. To get the Department...
...most remarkable deal of all involved 4,000,000 Ibs. of copper which went to Red China before the Korean war. It was bought in Japan for shipment to New York. Because of the New York destination, a Japanese export license was easily obtained. In transit, the copper was resold to agents of Red China. Since the shipment originated in Japan, the copper was exempt from U.S. export controls when it passed through New York. Said Jerome Kohlberg,* president of the Kane Import Corp. which bought & sold part of the copper: "We acted in accordance with all Government regulations...