Word: rustless
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Dates: during 1950-1959
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Streak of Respect. In 1938, after two years as president of Baltimore's Rustless Iron & Steel Co., followed by a year of semi-retired dabbling in various ventures, Symington was looking around restlessly for something to do. At the urging of Wall Street Investment Banker David Van Alstyne Jr., he agreed to go to the rescue of St. Louis' ailing Emerson Electric Manufacturing Co. (fans, small motors) in return for $24,000 a year, plus a stock-option deal. Emerson was deep in the red and battered by labor troubles, had barely managed to survive a bitter...