Word: clark
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Dates: during 1940-1949
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Despite its size, the Du Pont chain of command which Tom Clark wanted to dismember was simple. The Du Pont family controls the Christiana Securities Co. (TIME, Feb. 21), a holding company in which anyone can buy stock (current bid price: $3,050 a share). Christiana Securities Co., plus other holdings of the Du Pont family, control E.I. du Pont de Nemours & Co. In turn, Du Pont controls General Motors Corp. through its 10 million shares of G.M. stock. Du Pont and G.M. together own Kinetic Chemicals, Inc., a maker of refrigerants; G.M. and Standard Oil Co. (N.J.) own Ethyl...
Stock Sale. Tom Clark wanted to eliminate any personal or stock connection between these companies by forcing Du Pont to sell its stock in G.M. and Kinetic Chemicals, forcing G.M. to sell its interests in both Kinetic Chemicals and Ethyl Corp. and the Du Ponts to sell their stock in U.S. Rubber...
...back up his demand for dissolution of the Du Pont empire, Tom Clark charged that the Du Pont company had enforced...
Trumpeted Clark: the accused companies were the "largest single concentration of industrial power...
...Pont and the other companies] have been a matter of public information for many years, the motive for this suit must arise out of a determination ... to attack bigness in business as such." The New York Herald Tribune agreed. It gave the back of its hand to Tom Clark for "Pecksniffian" charges, and said: "Mere size is the Government's primary target [though] the Government itself has fostered bigness in American industry...