Word: swope
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Dates: during 1920-1929
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British G.E.-U.S.G.E. No direct connection has existed between Gerard Swope's U. S. General Electric Co. and Sir Hugo Hirst's British General Electric Co.. Ltd., onetime (TIME, April 1, et seq.) prominent exponent of the Britain-for-the-British financial theory. Last week, however, such a connection was rumored in the report that British G. E. contemplated merging with Associated Electrical Industries, Ltd., largest British makers of electrical equipment. Inasmuch as Associated Electrical Industries is about one-third owned by International Electric Co., and as this latter corporation is a subsidiary of U. S. General Electric...
...stockholders in British General Electric Co., Ltd., last week congratulated themselves upon the brains & brawn of the two representatives whom they had last month (TIME, April 1) sent to London. For well had Commissioners Thomas Lincoln Chadbourne and Herbert Bayard Swope performed their duties. True, Commissioner Chadbourne had been taken with a chill, and both Commissioners Chadbourne & Swope had excursioned to Paris, there to witness a contemporary demonstration of the ancient truth that one horse can run faster than another. But between chills, thrills, the U. S. representatives had also won a complete, a memorable, a monumental victory. For last...
Important, though seldom discussed, is the manufacturing ratio between a day's pay and a day's work. Last week Gerard Swope, president of General Electric Co., discussed piecework versus timework payment, said that ''modifications of the piece rate system" had been introduced in General Electric plants. Figures on num-ber of employes, total salaries and total sales showed that in 1928 General Electric Co. had paid an average of 73,526 employes $134,056,000 and had received orders for $348,848,512 of C. E. products. The average employe therefore was paid...
...Swope's first job with General Electric (in 1893) was time work. His $1.00 per day lowered the average pay; his present salary boosts it even more powerfully. Four college degrees hang on his wall. If he wishes, three medals may blaze on his coat: The French Legion of Honor, the Japanese Order of the Rising Sun, the American D. S. M. As everyone knows, he is the brother of dynamic Herbert Bayard Swope, ex-executive editor of the (New York) World. Both brothers were born in St. Louis, Gerard slightly more than nine years before Herbert. Gerard...
...though the British public learned many new facts concerning U. S. financiers, neither the British nor the U. S. public could squeeze information out of the official communiques concerning the Hirst-Chadbourne-Swope meetings. The first report said that "no conclusion was arrived at at this morning's amicable meeting." Further meetings were delayed when Mr. Chadbourne was taken with a chill. It is known, however, that Sir Hugo has proposed a compromise arrangement by which U. S. shareholders can exercise their rights in the new issue, provided that they sell their new shares within ten weeks. This arrangement...