Word: kaiser
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Dates: during 1950-1959
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When stockholders of Kaiser-Frazer Corp. sued company officials for $50 million two years ago, Henry Kaiser protested that it was a scheme to put him out of business. The stockholders charged that they suffered financially by "manipulation" of assets among various Kaiser companies. Though Henry denied any wrongdoing, he offered to pay $1,379,503 into K-F for machinery bought by K-F, but used by other Kaiser companies. Many stockholders called the sum inadequate...
Last week in Detroit, Federal District Judge Frank A. Picard ordered the stockholders to accept the offer, and accused those who held out for a larger sum of "trying to cause Henry Kaiser's financial eclipse." Said Judge Picard: "Kaiser was the victim of his own paternalism in trying to make the K-F company a success," and was innocent of any "fraud, deceit, collusion or any wrongful...
...Washington hotels and in corridors of Government buildings were faces that looked familiar. Such World War II bigwheels as Donald Nelson, Charles (G.E.) Wilson and Henry Kaiser were back in town to sniff the air and find out what came next. Some offered to get back in harness as $1-a-year men but found that things hadn't gone that...
Workers from party-line unions-the Food, Tobacco and Agricultural Workers, the United Office and Professional Workers, the United Electrical Workers, the Marine Cooks and Stewards-canvassed busily for "peace" signatures. U.A.W. Communists in the big Ford local circulated petitions on the assembly lines. At the Kaiser-Frazer plant, angry U.A.W. unionists flung one peace collector out bodily. Earnest youths turned up on campuses in New York, Chicago and Austin, Texas. In some states, impatient cops, out of sheer exasperation, arrested canvassers on charges of disorderly conduct...
When both the depression and war had vanished, RFC, in its $6.5 million new Washington office building, kept lending away: to Henry Kaiser ($188 million), the now bankrupt Lustron Corp., the foundering Waltham Watch Co. (which later hired an RFCman as president). It also decided to prop up gasoline stations, country stores, restaurants, plumbers and a host of small businessmen. Though it made some curious loans, it claimed an overall profit of $560 million during its existence...