POLYCHROME
People 4 as recalled by Mr. Bob Gumbinner
Charles
de Rohan (Baron): When Mr. Berkey, the owner of Berkey Photo in
Long Island talked to Mr. Halpern about joining with Polychrome, Mr.
Halpern suggested he buy Polychrome stock. When he bought 11%, Mr.
Halpern became concerned and made a deal with Englehard to buy this
11% back. He put a representative of Englehard on the Board of
Directors and paid them several hundreds of thousands of dollars in
fees. de Rohan was connected to the Englehards. He was mostly
bluster. He asked Mr. Halpern for one hundred thousand dollars to
buy Polychrome stock. He did not last long.
Dean
Hennesy had been the Dean of Chemical Engineering at Columbia.
Mr.Halpern did not realize that a Dean’s job was mostly
administration and did not require research ability. After a time,
Mr. Halpern asked him to resign. Dean Hennesy had a contract with
Polychrome that required us to pay his salary for a number of years
after leaving.
(Wes Hennesy became our 2nd president....for more detail see the blog article HERE ...KS)
(Wes Hennesy became our 2nd president....for more detail see the blog article HERE ...KS)