Word: siegler
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Dates: during 1960-1969
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...Lear Siegler...
...step offer last month to buy 23% of his asset-laden oil and farming firm. With such tactics, a group of Detroit financiers led by Donald H. Parsons, 36, has taken over five Michigan banks in the past year and forced American Metal Products into a merger with Lear-Siegler. Last week the Parsons group snared a sixth bank, the Monroe (Mich.) State Savings Bank, whose directors approved a tender offer for all its shares...
...history. Corporation giants were falling all over themselves in making plans for capital investment in 1965. "I've never seen people so optimistic," said Robert H. Stewart III, president of Dallas' First National Bank. Declared John Brooks, board chairman of Santa Monica's Lear Siegler, Inc., manufacturers of aerospace products, air conditioners and TV equipment: "There is little doubt that our present economy is strong. Tax reductions did stimulate industry and help business last year. We will continue to be aided this year by a further tax reduction." Mused Los Angeles Sportswear Manufacturer Richard Woodard...
With jets, bosses move about more because they can fly out and back fast enough to prevent piled-up paperwork. "We now have a tendency to make a trip for a two-day meeting that we would have put off before," says Lear Siegler Vice President John J. Burke. At Bell & Howell, six ranking officers will use the ordinarily dead week after Christmas for a jet swing to pep meetings in Cleveland, New York and Los Angeles, returning to Chicago in time for New Year's with their families. Many travelers never glimpse the city in which they have...
...Easy as Washington. It is also causing significant changes in corporate procedure. Lear Siegler now supervises eleven divisions with four corporate officers, who spend half their time traveling. International Harvester has disposed of five company planes, since commercial jets can do the job just as well. Company travel budgets have risen sharply: the Garrett Corp. of Los Angeles spends $1,500,000 a year v. $500,000 ten years...