Word: schwab
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...Raised at a raucous Bethlehem Steel stockholders' meeting in Wilmington, Del. was the perennial question of whether 75-year-old Chairman Charles Michael Schwab is still worth his $200,000 salary. The old steelmaster was on hand to give the meeting his blessing with an optimistic appreciation of the "complete cooperation and understanding between management and stockholders." Hardly had he finished before that ubiquitous meeting-goer, Lewis D. Gilbert ("U. S. Minority Stockholder No. 1"), rose to propose that Mr. Schwab be kicked upstairs into an "honorary chairmanship" with a $25,000 annual pension. Mr. Schwab, said Stockholder Gilbert...
...defense of their company's founder rushed many another Bethlehem stockholder. A little man named Souermundt leaped from his chair, snatched off his spectacles and shrilled: "My nose has been punched before but I'm always ready for a fight! Punch him on the snoot, Mr. Schwab! Punch him on the snoot...
...Schwab laughed. But loyal President Eugene Grace grew white as chalk. Eyes flashing, fist clenched, he said quietly: "Mr. Schwab has not outlived his usefulness to this corporation. His retirement would be a grave mistake." He stalked menacingly toward Stockholders Gilbert & Coshland, was restrained from snoot-punching by fellow officials...
...days; 1,000 Hershey chocolate workers staged a brief sit-down at Hershey, Pa.; sundry strikes, mostly sit-downs, had 4,500 workers idle in Rhode Island, 4,000 in St. Louis. As the Sit-Down fever flashed like heat lightning over the land, ten farmhands on Charles M. Schwab's estate at Loretto. Pa. supplied themselves with a radio and gas burner, began a sit-down for more pay in the potato cellar...
Yaleman Mason appeared to have been merely the tool of Yaleman Garland, who was known among his unsavory associates as "The Wizard." The first Garland wizardry was promotion of Automatic Signal Corp. to make his patented traffic light. Among the original investors were two du Fonts, Charles Michael Schwab, who served for a time as a director, and old Economist Fisher, who sank no less than $750,000 in the enterprise. Automatic Signal is still a going concern with Mr. Fisher trying to get his money back as board chairman...