Word: tillinghast
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...Suiter. Undeterred by this rebuff, Hughes set about chivying President Charles Tillinghast, whom the trustees had put in to run TWA. On one occasion Hughes threatened to bring suit against the airline for ignoring his wishes. Last week, instead. TWA's management filed suit against Hughes. Hughes Tool Co. and Raymond Holliday for alleged violation of the Sherman and Clayton antitrust acts. TWA's avowed hope: to win a court order obliging Hughes to get rid of all stock in TWA and to cease trying to exercise control over the line...
...with, TWA purchased 20 Convair 880s from Hughes Tool rather than directly from the manufacturer. General Dynamics. Next, charges the TWA complaint, Hughes tried to coerce TWA into agreeing to buy from Hughes Tool 13 Convair 990s (which Hughes had already contracted to buy from General Dynamics). When the Tillinghast team decided instead to buy Boeing 707s, Hughes allegedly sought to queer the deal by warning Boeing that its contract with TWA was invalid because the airline had an obligation to buy from Hughes Tool...
...Ernest R. Breech, 64, former board chairman of Ford Motor Co., was elected chairman of the board of Trans-World Airlines, although the operating head will continue to be new President Charles C. Tillinghast Jr. TWA also announced a $183 million purchase-and-lease arrangement with Boeing Airplane Co. to boost its jet fleet to 77 planes by the fall...
...Tillinghast's first task at TWA will be to line up financing for more jets. TWA has trailed its chief competitors, American and United, as its share of the passenger traffic has dipped. Despite these difficulties the line is expected to report 1960 earnings of more than...
...Tillinghast, a varsity football center at Brown University ('32), graduated from Columbia Law School in 1935 and joined a Manhattan law firm. In 1942, when Ernie Breech became president at Bendix, he signed up the law firm, and Tilling hast handled Bendix affairs. In 1957 Tillinghast joined Bendix, became director of its foreign operations...