Three famed industrial managers last week made headlines.
Confusion by Hudson. At a stockholders' meeting of Hudson Motor Car Co., the story finally came out of how Detroit's body-building Fisher brothers, retired from General Motors, had shopped around for an automobile company. The deal not only came out; it came to grief.
Hudson President Abraham Edward Barit read stockholders the Fisher offer: $8,500,000 (approximate book value) for 400,000 shares of Hudson's unissued stock. Pointing out that this was approximately $21.66 a share compared to the current market price of $28. President Barit declared...
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