Word: aetna
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...Many Headaches." McGinnis, 51, was derailed because stockholders were troubled not only by commuter complaints but also by financial danger signals ahead. "His lavish payment of dividends and his diminishing payments for maintenance made it certain that a crisis would arise," said Aetna Life Insurance Co.'s President Morgan B. Brainard Sr., who resigned from the board twelve months ago and unloaded substantial holdings of New Haven stock held by his company. Major stockholders, looking for a new president, tried to hire Werter S. Hackworth, president of the Nashville, Chattanooga & St. Louis Railway. Snorted Hackworth: "Too many commuters...
...boosted salaries 65%. Though Trinity's professors were cool to his businesslike, public-relations approach, those outside the college were not. Within four years, Funston joined the boards of directors of seven companies: General Foods, B. F. Goodrich, Connecticut General Life Insurance, Owen-Corning Fiberglas, Hartford Steam Boiler, Aetna Insurance, First National Bank. On each, Funston, as Weinberg says, "was a good director-independent and willing to do the homework...
...Manhattan Financier WALTER W. WEISMANN, 64, chairman of the Aetna Industrial Corp., rocked Chicago's staid, old Libby, McNeill & Libby food-processing firm by claiming that a group of stockholders represented by him owns or controls some 1,500,000 of Libby's 3,600,000 shares of stock. Weismann thought that the company was doing poorly profitwise, asked for changes in the board and a new board chairman. Libby President Charles S. Bridges refused, wrote stockholders that the management was preparing to fight "a raid upon this company." The stockholders' committee that Weismann represented promised...
Outside Los Angeles, on what was once a huge beet farm, Aetna Construction, Inc. and Biltmore Homes, Inc. are building 17,150 one-story houses, all monotonously arranged on a 3,500-acre gridiron, just about eight feet apart. The prices...
Connecticut: Bernard W. Trafford, Jr. '29; Aetna Life Ins. Co., 151 Farmington Ave., Hartford...