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Again, Gillette. Once again last week the affairs of Gillette Safety Razor Co. were dragged into the open. Ever since the merger with AutoStrop Safety Razor Co. was announced (TiME, Dec. 1) a small group of Gillette shareholders has complained vociferously about the financial ramifications of the deal. Last week 18 attorneys were present as the first hearings were begun on a suit by which the minority hopes to have certain directors return $21,000.000 to the company. Directors who must defend their directing include King Camp Gillette, formerly of Boston, now listed as "of Hollywood"; Banker John Edward Aldred...
...Pittsburgh Morris Dye, 17, swallowed two safety pins, was taken to Homeopathic Hospital. Awaiting treatment, he borrowed a double-edged razor blade from a fellow patient, wrapped it in paper, swallowed it. The blade lodged midway to the stomach, was extracted by an esophagoscope invented by famed Dr. Chevalier Jackson. The safety pins rested comfortably in Morris Dye's stomach, pending another operation...
...temple attended by his parents). At last year's meeting of the Chicago Loft, Pumper Rosenwald delivered a report on "My First Pair of Double-Seated Bike Pants"; and Pumper Robert Arthur Wood, president of the Chicago Stock Exchange, explained his "Neat System for Picking Up Old Razor Blades...
Last month Gerard Barnes Lambert, retired lord of Listerine, was made president of Gillette Safety Razor Co. (TIME, May 11). Last week a Gillette stockholders meeting was called for June 10, at which time an interesting sporting proposition will be voted upon. The essence of the proposition is that President Lambert will receive a bonus rather than a salary. If Gillette earns less than $5 a share ($10,000,000) during any year, he will be paid nothing. If it earns $5, he will get 20,000 shares of stock. If the earnings exceed $6, he will be given another...
Gerard Barnes Lambert, son of the founder of Lambert Pharmacal Co. and its onetime president (1923-28), was made president of Gillette Safety Razor Co., succeeding Henry Jaques Gaisman who becomes chairman. Mr. Gaisman has apparently worked his way to dominance in Gillette since the merger with Auto Strop of which he was chairman, for John Edward Aldred, previously chairman and one of the premerger Gillette group, last week resigned. Mr. Lambert's election was a surprise, for since leaving Lambert Co. he has done nothing to indicate he cared to enter the business of razor-making. His interests have...