Business: The President & the Picket

Thermometers plunged toward zero, and so did labor relations at South Bend's Studebaker-Packard plant, strikebound for three weeks. As pickets huddled to keep warm one day last week, a black Mercedes-Benz picked a path toward the main gate. At the wheel was Studebaker's Hollywood-handsome president, Sherwood Harry Egbert, 41. Pickets closed around his sedan, refused to let Egbert through unless he showed a union pass.

A flying wedge of policemen forced an opening for the Mercedes, and in the melee a picket took a poke at a patrolman and was arrested. Another picket,...

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