Like the snake which swallows a frog as big as itself, Aviation Corp. last week contracted to pay $15,000,000 for a 64% interest in Crosley Corp. (Crosley's 1944 earnings of $3,300,000 exceeded AVCO's by nearly $200,000.) This big mouthful was the outward sign that two aggressive businessmen, in their different ways, were following the maxim "In time of war prepare for peace."
Wily, round-faced Victor Emanuel, who in nine years had helped put together AVCO as an extraordinary aviation holding company, clearly intended to have one foot on the ground, come peace.
AVCO's...
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