MANAGEMENT: Haunted House

The hexed Brewster Aeronautical Corp., which has sandbagged four presidents in 16 months, last week finished off a fifth. Hoarse-voiced, 275-lb. Frederick Riebel Jr., after seven months of falling through trap doors, tripping over wires and hearing noises in the woodwork, gave up and left. The big news was his successor. Shipbuilder Henry J. Kaiser, who has been Brewster's board chairman since March, went in.

The snares that brought down the behemoth Mr. Riebel and now faced Mr. Kaiser were still the same: 1) an ironclad, waterproof contract with C.LO.'s United Automobile...

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