For National Can Corp., 1952 was a hard year. Because of the steel strike, a lost decision on an old breach-of-contract suit, and a costly adjustment in freight rates, the company lost $491,241 in the first nine months. National, deciding that what it needed was new management, literally bought a new president.
In a stock-swap deal, National agreed to buy a smaller rival named Cans, Inc. so that it could get Cans, Inc.'s founder and president, Robert Sam Solinsky, 58. When the deal goes through this week (stockholders' approval seems assured), Solinsky will...
To continue reading:
or
Log-In
