Word: chunks
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Dates: during 1940-1949
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...hide. Willys, which has been hunting a president since Joseph Washington Fraser quit eight months ago, kept mum on details of the deal. But it was reported that in addition to Sorensen's salary (Ford paid him $220,000 yearly) he got an option on a sizable chunk of Willys stock.* Thus he would pay only a 25% capital-gains tax on any stock profit, provided he held the stock six months, compared to about 80% income tax on such a high-bracket salary-the device made fashionable by Harry Sinclair and Spyros Skouras (TIME, May 29 and June...
...Army Ordnance (TIME, Nov. 3, 1941) has sold itself to the world. No one doubted that Charlie Sorensen intends to duplicate the feat of Big Bill Knudsen who was squeezed out of Ford in 1921. Knudsen went to General Motors, and by booming Chevrolet sales, stole such a vast chunk of the small-car market from Ford that the old man has never regained his supremacy...
...boom seemed to be based on the fact that U.S. railroads, in general, have sensibly used a large chunk of swollen wartime profits to buy up their bonds and slash their fixed charges. Many are in the best financial shape of their lives. Traditionally, when these bonds move up toward par, stocks eventually follow. Example: Louisville & Nashville 53 (2003), above par at 107, have fluctuated only one and a half points in a year; the road's stock has soared 20 points...
...Panajotis Skouras, 51. Three months ago muscular Tycoon Skouras flew to England to see Tycoon Rank. With him Spyros Skouras carried the worries of Hollywood about Cinemagnate Rank. Was Mr. Rank willing to come to terms, or was he getting ready for a knockdown, drag-out fight for a chunk of Hollywood's world monopoly? Last week persuasive Mr. Skouras clippered back to Manhattan. In his pocket was the deal with Rank...
...Brothers Skouras. Tycoon Skouras is used to speaking of the movie industry as "our industry." With his equally famed brother, Charles, 56, boss of National Theaters, one of the three biggest U.S. chains, and George, 49, head of Skouras Theaters Corp. (85 houses), he controls a large chunk of it. The Skouras brothers climbed together. All were born in Skouro-chorion, Greece (meaning: Skourasville). Charlie came to the U.S. first. As a newsboy, dishwasher and bartender, he soon earned enough to send for the others. He settled Spyros into a job as bus boy in St. Louis' Planters...