Badgered Brewster Aeronautical Corp. is about to be orphaned again: for the sixth time in two years, it is faced with findingor acceptinga new management. Reason: even Miracle Man Henry J. Kaiser whom the Navy persuaded to take over Brewster a year agowithout remunerationcould not stand the gaff.
Last week President Kaiser, announcing his resignation, alleged that "the production emergency . . . task has been accomplished." But, since Brewster's Navy Corsair contract is still only one-third completed, some other observations in Kaiser's explanation to stockholders were more pertinent. Fact is that Brewster is in a financial wilderness compounded of...
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