Word: stewart
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Dates: during 1930-1939
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...students and two faculty members of the Medical School have been awarded scholarships and fellowships totaling $7,870, the Harvard Corporation announced today. The faculty members are Dr. Lester S. King, assistant in Anatomy, who is awarded a William Hunter Workman Fellowship for 1934-35; and Dr. John D. Stewart, assistant in Surgery, awarded an Edward Hickling Bradford Fellowship for one year from March...
...Stewart-Warner management had been astute, they would also have induced Mr. Zerk to agree to stay out of Stewart-Warner's business. For Mr. Zerk happened to be the fourth largest stockholder (5,000 shares) and had no intention of watching his investments depreciate without a murmur. Last spring Mr. Zerk launched a ferocious proxy campaign to oust the management, charging them with pocketing unconscionable fat bonuses, with gross inefficiency and general lack of business acumen...
...Chicago bank. A baldish, pleasant man of 41 who graduated from Yale in 1916 and spent a few years with Union Carbide, he lives on Chicago's Gold Coast, likes to hunt and fish in Florida. Able Mr. Otis' problem was to get outside representation on Stewart-Warner's board which, with the exception of his aging father, was composed entirely of company executives...
Finally convinced that the outlook was desperate, the Stewart-Warner management yielded. Last June six new directors were elected, including such potent Chicago names as Eugene Van Rensselaer Thayer, American Telephone & Telegraph director, Lawyer Ralph Shaw, shrewd, hard-bitten member of Winston, Strawn & Shaw, Robert J. Dunham, close associate of the late Jonathan Ogden Armour. But because no one relished the idea of having Inventor Zerk tearing his thick black mane at directors' meetings, a temporary coalition was formed to defeat the Zerk slate with one exception. To soothe Mr. Zerk's temper, they made...
...year end they also ousted his two senior vice presidents. Mr. Otis was made active head of the parent company. Suits were hastily brought against the old officers to recover salaries and bonuses. Unprofitable lines including cinema equipment were dropped. Alemite's operations were consolidated with the Stewart-Warner Chicago plant. Superfluous subsidiaries were dissolved. A new accounting system was installed and assets were written down. Stewart-Warner reported a $1,791,000 loss for 1933 but in February sales were running 150% ahead of last year. In last week's annual report, a model of frankness...