Word: breeches
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Dates: during 1960-1969
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...they awaited a fateful meeting of Trans World Airlines' board of directors in Manhattan last week, former Ford Motor Chairman Ernest Breech and former U.S. Steel Chairman Irving S. Olds exuded confidence. Next day, Breech and five new directors were to be elected to TWA's board. This would pave the way for the election of Breech as TWA's new chairman and the naming of a president for the line, which has been without a captain since Charles Thomas resigned some six months ago. Best of all, after months of wrangling, they seemed to have bested...
...month before, banks and insurance companies from which TWA hoped to borrow $165 million for new planes had forced Hughes to turn over his 78% of TWA stock to a three-man trusteeship dominated by Breech and Olds. Hughes had even given his approval to the board's reorganization. "It's not that we're trying to match wits with Howard Hughes," said a banker when the trust was set up. "We've given that up long ago. We're just trying to plug up all the holes...
...will go into service this week between New York and Los Angeles. TWA borrowed money to pay for 20 of the 615-m.p.h. jets. Under deal, Howard Hughes had to put his TWA stock (78%) into trusteeship, where it will be voted by three new TWA trustees: Ernest R. Breech, former Ford Motor chairman, Irving S. Olds, onetime U.S. Steel chairman, and Raymond Holliday of Hughes Tool...
...baby was born at Montreal's Royal Victoria Hospital. In the New England Journal of Medicine, Drs. Mathew H. Gault and Robert Usher report that, despite a difficult breech delivery, he seemed normal and healthy and began breathing spontaneously. But by the time he was taken to the nursery, he was pale and limp. The electrocardiogram was taken by happenstance: the hospital was making a study of heart action in prematures, and this baby seemed to have been about a month premature. The startling ECG finding alerted the doctors to the possibility of serious illness. When the baby turned...
...Ernest Robert Breech, 63, resigned as chairman of the board of the Ford Motor Co. after 14 years with the company, which he helped to turn from a moneyloser into the most profitable (on a per-share earnings basis) of the Big Three automakers. Taking over as board chairman for the time being is Ford President Henry Ford II, 42, who also continues as president. Breech, who will remain as a Ford director and chairman of the finance committee, has for three years wanted to "decelerate" at Ford after what he describes as "more than 40 years of an extremely...