Word: blocked
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Dates: during 1930-1939
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...RYAN BLOCK...
Samuel Genis did not get Stutz stock for investment. He optioned it together with an additional block to a slick group of Chicago promoters now known as John J. Burke & Co. Burke in turn optioned the stock to other stock-jobbers variously doing business as Gould & Co., Kopald, Quinn & Co. and Kenyon & Co. (McCormick & Co. until SEC cracked down on them once before). These retail firms proceeded to sell Stutz stock to citizens of the Midwest on an installment plan, 50? on the dollar down. Meantime John J. Burke & Co. strong-armed Stutz stock in the open market from about...
...right of eminent domain to acquire land for its $400,000,000 slum-clearance and low-cost housing program. Upholding a District Court decision which halted a $1,618,000 housing project in Louisville last January, the Court thereby sanctioned the right of any cantankerous or greedy landowner to block a housing project. Owners of 85% of the land desired in Louisville have agreed to sell to the Government. Judge Florence Ellinwood Allen, No. 1 U. S. woman jurist, dissented vigorously from the opinion of her male colleagues, argued the Government's right to use its power of eminent...
That last week's settlement might really have been amicable was indicated by the terms revealed. Producer Sheehan kept his fat block of Fox stock, got something like $360,000 for his contract which had 14 months to run. In the new regime at Fox-henceforth to be called Twentieth Century-Fox-Producer Zanuck will have Producer Sheehan's old job as Production Chief, direct studio operations under the nominal control of President Kent...
...that under Goodrich by-laws at least 75% of the stockholders must approve all first mortgage financing. Since Goodrich has paid no dividends for a number of years, although it is currently operating in the black, Otis & Co. was confident of securing the proxies of enough disgruntled shareholders to block the plan. After two recesses had been called, the results of the vote were announced by President Tew: Goodrich had received 74% of the proxies- 1% short of the necessary number. President Tew was not the least disheartened. Repeating that the "Otis opposition arose only after the Otis corporation...