Word: stocked
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Dates: during 1940-1949
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Friend of Everyone. He went to work in a General Motors subsidiary's stock room and seven years later became vice president of G.M. in charge of industrial and public relations. U.S. Steel hired him as a front man. By the time he was 37, he was chairman of the board, making $100,000 a year, and was a friend of everyone. At the urging of Franklin Roosevelt's Harry Hopkins, big, expansive Ed went to big, expanding wartime Washington...
...Ford, Chevrolet and Plymouth. The second loan was to permit K-F to finance its dealers' purchases of cars from the factory, because K-F dealers had trouble getting loans from private banks. All told, RFC has loaned K-F almost as much as the company raised in stock sales...
Actually the terms to Kaiser are fairly stiff. For the $44.4 million, RFC required 1) a lien on all physical assets of K-F, 2) a guaranty for $15 million of the loan by two other Kaiser companies "who must also put up stock collateral having a market value of at least $10 million, and 3) a lien for $10 million of the loan on a fixed reserve of unsold autos...
Despite all the no smoking signs around the College, over a $1,000,000 of the endowment is in voting stock of tobacco companies like Philip Morris, P. Lorillard (Old Gold), and American Tobacco (Lucky Strike...
Jalopy racing is not to be confused with stock car racing. The chief difference between them is that in stock car competition a driver can "soup up" his engine or install a racing engine, while the jalopy man man can only make sure that his engine is in perfect working order. Most of the cars are Ford Coupes; 1940 is the latest model permitted and they go all the way down to around...