Word: co
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Dates: during 1950-1959
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Another major public financing got started last week. In St. Louis, Southwestern Bell Telephone Co.'s board voted to float $100 million in new debentures to help pay for its fiveyear, $1,125,000,000 expansion program. If stockholders and the Securities and Exchange Commission approve, the issue will...
...owners of stock held by U.S. banks-by subpoena if necessary. But it has no sure way of determining what part anonymous Swiss bank clients play in American proxy battles, therefore does not know when the law is broken. In a recent proxy battle for control of Fairbanks, Morse & Co. by Penn-Texas Corp. involving stocks purchased through Swiss banks, Armstrong admitted that the SEC was powerless to get information that would have been easily available through U.S. banks. Armstrong's concern for the reluctance of beneficial owners to identify themselves only served to point up another complaint against...
...housing regulations hurt them more by classifying the beds as furniture instead of structural built-ins, cutting them out of mortgage packages. Progress and Government rules folded Murphy bed sales. To recoup, Murphy concentrated on selling "efficiency" kitchens for small apartments. Last year his Murphy Door Bed Co. sold only 10,000 letdown beds, making most of its $1,000,000 sales from kitchen units. Last week, as the company planned a comeback in house-trailer Murphy beds, Inventor Murphy died at 81 in Belle Vista Beach...
...Robert S. McNamara, 40, one of the youthful "whiz kids" brought in from the Air Forces after World War II to streamline Ford Motor Co. financial management, became the No. 4 man in the huge Ford empire. McNamara was named group vice president in charge of all car and truck divisions, succeeding ailing Executive Vice President Lewis D. Crusoe, 62, who retired. McNamara, who has been vice president and general manager of the Ford Division since 1955, will rank after Board Chairman Ernest Breech, 60, President Henry Ford II and Del Harder, 65, executive vice president for basic manufacturing...
...product of the Harvard Business School, McNamara first worked for Price, Waterhouse & Co., became an assistant professor of business administration at Harvard, then joined the Army Air Forces where he was a lieutenant colonel in charge of statistical control at Wright-Patterson field when Ford hired him in 1946 to work in the financial analysis office, promoted him to comptroller...