Word: rheem
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...young man, that I did not hear that"). Showing who is boss, Bill Lear, without warning, turned to Director Handschumacher at the quarterly board meeting, asked if he would take over. Says Lear of Handschumacher, a former Lear vice president, who left in 1957 to become a veep of Rheem Manufacturing Co.: "I told him not to get too far away, that we had plans...
...Angus) Lightfoot Walker, 47, was elected president and chief executive officer of Rheem Manufacturing Co., maker of steel containers, heating equipment, military aircraft components, etc. (1955 annual sales: $161 million). "Gus" Walker succeeds Richard S. Rheem, who becomes chairman of the board, is first non-family man to be president. Born in Newport, England, Walker was raised in Australia, got an engineering degree at Sydney University. After two jobs as a sales engineer, he joined Rheem in Australia in 1937. Nine years later he was transferred to New York, became executive assistant to the president, later vice president...
Fortnight ago, when the 19th race got under way, San Francisco Manufacturer Richard S. Rheem (steel containers and home appliances) and the crew of his 98-ft. ketch Morning Star knew they had small chance to win. Four times they had made the long haul, and twice they were first across the finish line off Diamond Head. But in both races the complicated calculations of the handicap formula* had given another ship the prize. This year Skipper Rheem, sailing against a record 52 other yachts, was ready to settle for the satisfaction of breaking his own uncorrected record crossing time...
...after clearing the No. 2 buoy in Los Angeles harbor, the Morning Star glided like a ghost ship into a searchlight beam off Diamond Head. Once more she was first to finish; she had trimmed 19 hours off her old record. Said Rheem: "I wouldn't want to try and break that one." Then, as before, he settled back to wait and see who had really...
Lieut. General (U.S.A., ret.) Albert Coady Wedemeyer, 58, was elected a vice president and director of Rheem Manufacturing Co. (shipping containers, household appliances, guided-missile components). To take the job, General Wedemeyer resigned as a vice president of Avco Manufacturing Corp. (appliances, electronics and farm equipment), a post he has held since his retirement from the Army...