Word: board
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Dates: during 1950-1959
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...rich as well as a corporate haven for foreign companies. Clint Murchison Jr. soaks up the sun on a private island hideaway at Spanish Cay (rhymes with fee). Standard Oil Heiress Marion Carstairs and her half brother Francis Francis bought adjoining Whale Cay and Bird Cay. Longtime Alcoa Board Chairman Arthur Vining Davis built expensive Rock Sound Club, a public hotel, on Eleuthera. While he was at it, Davis put up the truly private Cotton Bay Golf Club (among the members: Laurance Rockefeller, General Nathan Twining), complete with Robert Trent Jones-designed $600,000 golf course, and bought...
...boost for syndicated crime ("What's wrong with the syndicate? Two or three of us get together on some deal and everybody says it's a bad thing. But those businessmen do it all the time and nobody squawks"), the back of his hand for the draft board that rated him a constitutional psychopath in 1943: "Who wouldn't pretend he was nuts to stay out of the Army? I told them I steal for a living. They thought I was crazy but I wasn't. I was telling them the "truth...
...nounced his intention to enter the ministry at the farewell dinner given him on his retirement from the R.A.F., "it spoiled a jolly good evening. No one knew how to treat me afterwards." But such announcements are growing less unusual all the time. Across Britain, parish-church notice boards are quietly ablaze with initial letters of decorations awarded new curates and vicars in their old careers. At last month's meeting of the Anglican selection board for ministerial training, the only two candidates over 40 were army majors; at the R.A.F. Chaplain's School, a quarter...
...power to suspend trading when the floating supply of stock in an issue is less than 30,000 shares. By raising this requirement the exchange could maintain more orderly markets. The exchanges have dragged their feet so much that the Securities and Exchange Commission and the Federal Reserve Board are investigating questionable activities, are threatening to get tough. All of the warnings have slowed trading. Belatedly, the New York Stock Exchange warned its members against using their facilities "for reckless speculation by the uninformed." It has finally realized that Wall Street's failure to do its own policing will...
...shareholders of the Alleghany Corp. holding company last week went proxy statements nominating Anita O'Keeffe Young,* sixtyish widow of Railroad Tycoon Robert R. Young, tp the Alleghany board. Mrs. Young, who is sure to be elected, has a heavy personal stake in the holding company once run by her husband. Counting Alleghany securities she owned before his death and what she inherited, her investment in the company is now worth around $9,000,000, second only to the $11 million interest of Alleghany Chairman and President Allan Kirby. Mrs. Young was long a silent partner in her husband...