Word: corp
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Dates: during 1960-1969
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Conspiracy. Named as defendants in the indictment, besides Roger Blough's U.S. Steel Corp., were Bethlehem Steel Corp., Erie Forge & Steel Corp., Philadelphia's Midvale-Heppenstall Co., and five officers of these corporations, plus a steel trade association. In addition, "various corporations and persons not made defendants in this indictment participated as co-conspirators.'' If convicted, the individual defendants could be imprisoned for up to one year and fined as much as $50,000 apiece; each corporation could be fined...
Last week, as the National Merit Scholarship Corp. announced a record 1,050 winners, Macalester did it again. No fewer than 20 chose Macalester, which was outstripped only by nine other predictable choices such as Harvard, with 89 winners, Yale's 38, Princeton's 33 and Radcliffe's 38 (the female front runner). Trailing Macalester were Cornell (17), Michigan and Berkeley (16 each...
...Little, So Much. Some of the inquisitors extracted embarrassing admissions. Sonotone Corp.'s Chairman Irving I. Schachtel was obliged to report that most people so dislike wearing hearing aids that when his company tried to give 1,000 of them free to needy deaf children, there were only 700 takers. TelAutograph Corp.'s President Raymond E. Lee had to admit that his company lost money because it could not produce and deliver the electronic machine it had designed to send handwriting over telephone lines...
...prepared to let anyone else decide for him when a price rise was justified. Said he: "Industry should not have to get Government permission to change prices. That would hardly be a free economy." The most impassioned outcry was raised, to much stockholder applause, at the Jones & Laughlin Steel Corp. meeting...
...Wall Street it was a story with all the appeal of Ted Williams' homer his last time at bat. As president of prestigious First Boston Corp., Investment Banker James Coggeshall Jr. one day last week managed the biggest stock sale of the year-the Ford Foundation's offering of 2,250,000 Ford Motor Co. shares. The $218 million deal went so smoothly that Ford stock actually rose a point to 984:. That taken care of, 65-year-old "Jim Cogg" returned to his office, wrote out the letter of resignation that ended his 42-year investment career...