Word: viggo
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Dates: during 1930-1939
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...truck with holding companies, has only common stock (few bonds), has constantly slashed its rates. Head of this white sheep of the utility industry has long been genial old Samuel Ferguson, who four years ago moved up to chairman, turned over the presidency to handsome, Danish-born Viggo E. Bird. Last week, to Hartford's openmouthed horror, Viggo Bird turned out to be an embezzler...
This was the closest scandal had ever come to Hartford Electric Light Co. and it went no further. Viggo Bird resigned at once and Samuel Ferguson resumed the presidency, announced that the embezzlement did not involve the utility but New London Northern R. R. Co., of which Viggo Bird was treasurer...
Born in Copenhagen 54 years ago, Viggo Bird came to the U. S. at 18, graduated from M. I. T., and married on a $2,000-a-year income from Stone & Webster. Slowly his salary rose to $40,000, but debts rose faster. First his wife had a $1,500 operation. Then his son got tuberculosis and Viggo Bird borrowed $9,000 to finance a cure in Switzerland. Just before 1929 his brother lost $30,000 belonging to their mother. Viggo Bird assumed the debt...
Since then, said Lawyer Cohen, Viggo Bird has made $304,000, paid $190,000 of it to the unnamed lender. This left only some $114,000 ($11,400 a year) before income taxes to support his wife and four children. Mrs. Bird frequently did her own washing and the girls sometimes scrubbed floors and cooked. Their moderate-sized house was beautifully kept, but they drove a Ford. Finally the strain got too great. Thinking the market was going up, Viggo Bird embezzled...
Last week this pioneering power company reported a profit of $2,500,000 for 1934, a slight increase over the year before. At the same time President Samuel Ferguson was elected board chairman, succeeding the late Samuel G. Dunham, the founder's brother. Upped to the presidency was Viggo E. Bird, a Danish-born engineer who has been a vice president for years...