Word: schrank
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Dates: during 1960-1969
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...factory that produces sugar cane harvesting equipment. Lamb, the scrappy son of a commercial fisherman, worked his way through Dartmouth (24) to become a highly successful lawyer whose practice included both corporations and labor unions. At Seiberling, Lamb plans to keep on recently named President Harry Paul Schrank (TIME. Sept. 8), cut production costs, and accent the hard sell in an effort to turn the company's losses ($684,000 on 1961 sales of $46.6 million) into profits...
...some snap back into sagging Seiberling Rubber Co., Chairman James P. Seiberling, 63, son of the founder, handed the presidency and chief executive title to Executive Vice President Harry Paul Schrank, 58. Schrank's promotion stilled, at least momentarily, the feud between the Seiberling clan and Toledo Industrialist Edward Lamb, who lost an all-out proxy war in 1956 but now holds five seats on the isman board. The move, crowed Lamb, has "my enthusiastic support." Outspoken Harry Schrank, respected by competitors for his gift for spotting industry trends, plans to push diversification in chemicals and plastics...