Ever since 1946, when Edgar Kaiser became general manager of Kaiser-Frazer Corp., he has actually been running the company, although breezy, glad-handing
Joe Frazer bore the title of president. Edgar and father Henry differed with Joe Frazer on many company questions, the most recent being whether K-F should declare a dividend or cut prices. The Kaisers, who wanted to cut prices, won out.
Angry Joe Frazer reportedly offered at that time to sell 550,000 shares of stock to the Kaisers and clear out. Last week, the board of directors settled the dispute, at least for the time being. Joe Frazer was...
To continue reading:
or
Log-In
