Word: co
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Dates: during 1920-1929
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...between the two units. Direction of General Motors is divided, impersonal; Chrysler Motors, like the Ford company, is united under one chief.* General Motors uses the financial wizards of the Raskob-du Pont type; Chrysler relies chiefly on Walter P. Chrysler. General Motors is close to J. P. Morgan & Co.; Chrysler is the good friend of the Brady family and, more recently, of Dillon, Read & Co. General Motors has issued the huge total of 43,500,000 shares of common stock,† Chrysler only 4,423,484. General Motors sold 1,576,708 cars from January to October; Chrysler...
Dividends. To stockholders of 450 corporations came extra dividends totaling $250,000,000. Notable were: General Motors Corp., $44,500,000; E. I. du Pont de Nemours, $13,452,000; R. J. Reynolds Tobacco Co., $6,000,000; Standard Oil of California...
...American Locomotive Co. at Pittsburgh needed a works manager. The Great Western's superintendent of motive power, well-paid though he was, concluded that, without executive experience, a mechanical man can get just so far and no further in railroading. Moreover, building engines for sale interested him more than buying engines and keeping them running until they died of old age. He took the Pittsburgh job, at a big drop in salary. The salary did not stay down long...
Shoes. To personal friends of George W. Johnson (Endicott Johnson Co., Binghamton, N. Y.) came 425 pairs of shoes; to policemen, 16; to switchmen, 23; to ministers, 30; to inmates of the County Home, 252; to school children of Endicott (from George F. Johnson), 6,500; in all, 13,000 pairs. Value...
Partnerships. To Sir William Wiseman, 43; George W. Bovenizer, 49, and Lewis L. Strauss, 32, came partnerships in the great Manhattan banking house of Kuhn, Loeb & Co. Partner Wiseman rose to fame as Chief of the British Intelligence Service in the U. S. from 1916 to 1919. Partner Strauss was confidential secretary to President-Elect Hoover during the war. Partner Bovenizer, with Kuhn, Loeb since 1897, has been manager of the bond and syndicate departments...