Word: hellers
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...share for 97% of Nelson's stock or a total of $4,850,000. To raise most of it, Albert borrowed $4,500,000 from Mas-tan & Co. of New York, pledging his Nelson holdings as collateral. -Then he got Chicago's Walter E. Heller & Co., a factoring house, to lend $3,600,000 to Nelson. When Heller's agents came to inspect the Nelson plant and books, the officers protested that they needed no loan, were loaded with cash. But Albert had his hand-picked executive vice president, Keith Munroe, sign the Heller note when Nelson...
Nelson never even saw the $3,600,000 borrowed in its name. Munroe directed Heller to deposit the check in the bank account of Albert's Bellanca Corp., which used it to pay off the bulk of the Mastan debt. But Nelson had to start paying back the $3,600,000 loan in monthly installments of more than $100,000, including 12% interest...
...HELLER...
First Violinist Helmut Heller of the Berlin Philharmonic Orchestra was one of the many professionals in the crowd. Said he: "Igor Oistrakh is a virtuoso performer reminiscent of Heifetz. I have heard the boy several times, and it is clear to me that he has not reached his father's stage of development. The son plays largely from the subconscious; the father has succeeded in ennobling his art by playing consciously without sacrificing those qualities of the subconscious that enrich his playing...
...resulted in a payroll saving of $600,000 annually. Ernst & Ernst's management consultant division charged Pan American a whopping $750,000 for reorganizing its huge Miami engine overhaul base and crew scheduling system, but saved the airline "millions," according to Pan Am's own estimate. Robert Heller & Associates' reorganization of the Post Office Department into 15 regions, and the regions into many districts, eliminated so much duplication that the Postmaster General also saved many millions. Another Heller job slashed the FTC's procedural work...