Word: clint
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...Clint Anderson choked back his anger, looked down at the table in front of him, and passed the buck. "I think Senator Pastore will put this his way." Rhode Island's Democratic Senator John Pastore, caught unawares, mumbled: "I think this is now assuming rather ridiculous proportions." Replied Strauss crisply: "I couldn't agree with you more, sir." A few minutes later, Pastore stalked out of the hearing room, muttering "Most unfortunate...
TEXAS' CLINT MURCHISON is taking over control of Investors Diversified Services, Inc., the $1.5 billion savings plan and investment trust that Railroader Robert R. Young snapped up in 1949 for $2,000,000. Young's Allegheny Corp. has agreed to give Murchison 230,000 shares of I.D.S. voting common stock in return for $7,687,500 cash, and 130,000 nonvoting shares that Murchison holds. If the SEC approves, Murchison will have 367,500 voting shares, or about 64% control, while Young will still have 170,195 shares...
...which many newsmen consider the New York Times of Canada, will be sold to a "responsible" bidder by the estates of George McCullagh and William H. Wright. Already mentioned as possible buyers: Roy H. Thomson, Canada's biggest newspaper publisher (TIME, Sept. 14, 1953), and Texas Millionaire Clint Murchison, whose property includes half interest in the big Trans-Canada Pipe Lines Ltd. Estimated minimum acceptable price...
Such big rich Texas oilmen as Clint Murchison and Sid Richardson (TIME, May 24) have made their millions by a variation of the capital gain-the depletion allowance. Others have made their millions in a dozen different ways, helped by capital gains. They have built up old companies, formed new ones, invented new products or services and even entire new industries-all with profits (when and if they sell out) subject only to the capital-gains tax. Los Angeles' William Lear, for example, has built his Lear, Inc. into a $50 million company making automatic pilots and other electronic...
...Thus giving Texas Wheeler-Dealers Sid Richardson and Clint Murchison paper profits of $1,350,000 on the 300,000 shares that they still hold of the 800,000 shares purchased at $25 a share last March...