Son on the Job

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 eased upstairs into the new job of vice chairman of the board, and Edgar was made president. Out went two Frazer men: Vice President and Sales Manager W. A. MacDonald, and Vice President O. B. Hotter, public relations head.

The move placed Edgar in official control of the corporation at a time when a strong hand was needed to combat dropping sales and rising competition. A smart, hard-working man who spends twelve hours a day in the office, he was probably the only man in K-F who might be able to pull the company through its troubles.

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