Word: co
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Dates: during 1950-1959
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...case of the poisoned flounder, in which a three-year-old Haddon Heights, N.J. boy died of sodium-nitrite poisoning (TIME, April 6), had a sequel last week. Daniel DiOrio, 50, president of Philadelphia's Universal Seafood Co., offered no defense when charged in U.S. District Court with having used the sodium nitrite on fish with intent to mislead and defraud. Judge Thomas C. Egan sentenced him to a month in prison, with three years on probation, fined him $2,500. Said the judge: "This caused the unfortunate and almost vicious death of a three-year...
...judging from audience response, Gloria Film Co.'s Menschen in Hotel was a Kassenschlager (boxoffice hit). And to Gloria's greying, violet-eyed boss, Use ("Kuba") Kubaschewski, the payoff is all that matters. Hardly had the house lights gone down for the start of the show when the boss sneaked off to her theater-top penthouse to read more scripts, study attendance records, sign checks. At 49, canny Kuba is head of the hottest movie-production outfit in Germany. She has fought her way higher than any other woman in the movie industry-Hollywood included-has ever reached...
...about 1⅓G.M. votes for each share of Du Pont held). Another 20 million shares would be "sterilized," i.e., not voted at all. These are the shares held by the officers and directors of Du Pont and the two other Du Pont family-controlled companies: Delaware Realty & Investment Co., which controls Christiana Securities Co., which in turn controls Du Pont. Furthermore, no longer may Du Pont and G.M. have mutual officers, directors and employees. That means that G.M. will lose five of its 33 directors* unless they choose to give up their Du Pont positions. Altogether, said the court...
...automakers were also busy last week bringing their standard 1960 models to market. Ford Motor Co. unveiled its 1960 line to the public, showed 15 models that are the longest, lowest and widest that Ford has ever built. The company also announced factory list prices for its compact car, the Falcon. A two-door model will list for $1,746 v. $1,810 for Chevrolet's Corvair; a four-door Falcon will list for $1,803 v. $1,860 for a Corvair. For its imported line Ford showed a restyled, British-built Anglia with a four-cylinder engine that...
...breed of high-flying financiers: the take-over men. As they took over one company after another, the stocks often soared dizzily, and they raked in fat profits. The British government paid little attention to the raiders until the stocks controlled by one of the biggest, H. Jasper & Co., collapsed, and trading of the shares in 15 Jasper companies was stopped. Last week the British government launched a full-scale investigation into where Jasper got his money and how he built his empire...