MANUFACTURING: Profitless Defense

Handsome, brusque James S. Knowlson, chairman and president of Stewart-Warner Corp. is a sensitive man. For weeks he listened to politicians and labor leaders yelp that big business was holding back defense by refusing to cooperate with the Government, asking huge profits. Last week he got sore, lashed out a snappy (17-paragraph, onepage) letter of explanation to his employes. Said he: "There has been a lot of bunk about industry. . . . If your friends ask you what your company has done so far, you can tell them this: Your company...

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