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Retiring executives are: William M. Simmons '52, President; Rudolph Kass '52, Managing Editor; William S. Holbrook '52, Business Manager; David L. Ratner '52, Editorial Chairman; Marlowe A. Sigal '52, Photographic Chairman; Frank B. Gilbert '52, Associate Managing Editor; Edward J. Coughlin '52, Sports Editor; and Robert L. Wiley '52, Advertising Manager...
Questions & Answers. Wiley named no names, made no specific charges. But he asked some questions: ¶ How many men "employed by the OAP used their positions as a steppingstone to later employment . . . with OAP vested corporations at two, three or five times the former salaries"? ¶ Why hadn't OAP yet sold off some of its giant holdings, such as the $125 million General Aniline & Film Corp. and the $15 million Schering Corp. (hormones and anti-histamines...
Apparently Wiley had his eye on such statistics as 1) the $72,000 salary paid to General Aniline President Jack Frye, onetime head of T.W.A., and 2) the $500,000-plus in salary and legal fees paid by Aniline to Louis Johnson and his law firm before he became Secretary of Defense. Jack Frye and Harold Baynton, 48-year-old Government lawyer who was made Assistant Attorney General and boss of OAP in 1950, undertook to answer Wiley's questions...
McGrath assured Senator Wiley that Schering would be put up for public sale next month. But what was the hurry anyway? Under OAP control, Aniline's sales had more than doubled (to $99 million last year), and assets of both companies had soared...
...Wiley has never thought to mention how he himself got interested in the Office of Alien Property. OAP caught his attention last spring when his brother-in-law unsuccessfully represented the International Silk Guild in a $578,000 claim against the agency. Later, Wiley's interest in OAP was unaccountably heightened by ex-OAP Boss Crowley, now a big railroader in Wiley's home state. Crowley suddenly showed up in Washington to promote a better deal for Ernest Halbach, U.S.-born former president of General Dyestuff, Aniline's marketing subsidiary. Halbach was kept on as a consultant...