Word: waltham
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Dates: during 1950-1959
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Slow-running Waltham Watch Co. last week ticked off its sixth major management switch, in the last ten years. Control of the oldest U.S. watch company was sold by Sydney Albert's Bellanca Corp. to a group headed by Joseph Axler, 44, who owns three wholesale watch companies, claims to be the largest U.S. watch distributor. He became Waltham president. In as board chairman went...
...students can gain prison teaching experience. On the undergraduate level, students can work in prisons in place of writing a paper for Social Relations 169. Earlier in the term, the Social Relations Department, with the help of PBH, instituted & course based upon student work with mental patients in the Waltham Hospital...
Each student will work for the whole year primarily with a single patient at Metropolitan State Hospital in Waltham, Slack said yesterday. The students will meet patients for an hour each week, will discuss the cases together for another hour, and will have individual consultations with Slack and Kanter...
...shares of Bellanca, then a corporate shell which had some aircraft-parts contracts. Thus, he got a listing on the American Stock Exchange, and a ready market for stock. Albert promptly bought or traded into major interests in a grab bag of some 70 companies, including control of Waltham Watch Co. and Pierce Governor, of which he became chairman...
...week's end Albert was reportedly dickering with a New York group either to take over Bellanca or bail him out with cash. He had lost his holdings in Waltham Watch and resigned as chairman of Pierce Governor, which promptly proclaimed that it was in sound condition. Only Albert knew what shape Bellanca was in, but even he was not sure. When an aide was asked what properties Albert still owns, he replied: "I don't know, and I don't think Mr. Albert knows...