Word: corpe
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Dates: during 1950-1959
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ROBERT R. YOUNG has slashed his holdings in his Alleghany Corp. and New York Central Railroad. After quietly selling all but 28,500 shares of Central common (TIME, Dec. 23), Young sold 27,300 of his remaining shares last month to take tax loss of more than $100,000, is left with only 1,200 shares, worth about $20,000. He also sold 30,000 shares of Alleghany, is left with only 17 common shades, but still holds big block of preferred...
PENN-TEXAS CORP. is dickering to sell its 46% stock interest in Fairbanks, Morse (almost all of which is pledged against short-term loans) to Rockwell Spring & Axle Co. Cash-shy Penn-Texas also sold its fourth subsidiary in two months, Tex-Penn Oil, to Judarth Corp...
...which can spray up to 15 Ibs. of plastic and fiber glass a minute on a mold and cut the cost of laminating plastic boats by as much as 40%, was announced last week by Rand Development Corp. of Cleveland...
...will ask its stockholders to authorize 1,000,000 additional shares of stock (current total: 5,000,000 shares). Part of this new stock will then be offered in exchange for the 3-5% of Tidewater's stock that is owned by still another Getty holding company, Mission Corp. If Mission Corp. approves, as expected, Mission Development will then have 50.7% of Tidewater...
...After Yale, where he took an LL.B. ('08) and a B.A. ('12), wise, devoted Bill Griffin started a business career without any sign of a silver spoon, became a trustee of the estate of James C. Brady and chairman of the board of the Brady Security & Realty Corp.; invested in Chrysler in the '205, was soon a member of the board of directors of the Bank of Manhattan, Continental Oil Co. and more than a dozen other large industrial and financial corporations. Wartime ("dollar-a-year") special assistant to the administrator of the lend-lease program, later...