Word: schwab
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Hardheaded old Steelmaster Charles M. Schwab and his smoother, younger prototype, Eugene Grace, made labor history 20 years ago when they installed an "Employe Representation Plan" in Bethlehem Steel Corp. By the standards of the nonunion steel industry of 1918, E. R. P. was revolutionary. It assumed that workers had a right to some voice in the conduct of the plants where they worked...
...Winkling is no excuse" was the astonishing accusation hurled by New York Supreme Court Justice William H. Black last summer against Bethlehem Steel's august Chairman Charles M. Schwab and a batch of lesser bigwigs. Mr. Schwab failed to recall what happened between 1927 and 1934 when the American Society of Mechanical Engineers, which he once headed, lost $215,000 on an engineering index. Members sued to recover, and Justice Black found against Tycoon Schwab's "inconceivable ignorance" (TIME, June 20). Last week the Appellate Division delivered a decision, devoid of Justice Black's wit and invective...
Knights of Song (by Glendon Allvine; produced by Laurence Schwab) is a musical show about the most famous of musical showmen, Gilbert & Sullivan. Besides providing a chance to go to town with their music, a play about them has comic and dramatic opportunities: Sullivan's long love affair with married, U. S.-born Cynthia Bradley; the violent wrangling between the two collaborators, who could not work peaceably together nor successfully apart; Queen Victoria's affection for genial, diplomatic Sullivan (John Moore), whom she knighted in 1883; her aversion to jealous, crusty Gilbert (Nigel Bruce), whom it was left...
...American Society of Mechanical Engineers has 14,000 members, among them Bethlehem Steel's Charles M. Schwab. Mr. Schwab was president of the society in 1927 when its council decided to enlarge its index of engineering articles. Between 1927 and 1934, A. S. M. E. lost $215,000 on the index. Last week, in New York Supreme Court, Justice William H. Black said he would appoint a referee to decide whether certain members of the council were liable for this loss, ordered a referendum of the society to see if it thought the index was a good idea, seized...
...wrestling, which also yields a deficit annually? Besides, the gymnastic associations do not pay in the colleges where they have coaches. With good gymnastic teams, furthermore, the added expense of a coach would be justified by the increased interest we may expect in the sport. J. L. Schwab...