Word: cyrus
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Dates: during 1930-1939
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...happy summer of 1929, Cyrus Stephen Eaton was a director of 19 companies. In three directorates he was on the executive committee, in four chairman of the board. The companies ranged over a wide field, from Bowman-Biltmore Hotels Corp. to National Refining Co., included steel, rubber, paints and power...
...most aggressive financier and some midwestern steel interests fancied him their champion against the East. Last December when he broke the proposed merger between Bethlehem Steel Corp. and Youngstown Sheet & Tube Co. by one of the bitterest and most expensive lawsuits in history, the whole nation looked on and Cyrus Eaton stood at the height of his fame. But it proved a Pyrrhic victory, which left the conqueror too weak to continue the fight. Reverses came thick and fast. In April, Continental Shares, Inc. announced the retirement of Mr. Eaton from its chairmanship and the severance of its connection with...
...Cyrus Stephen Eaton, retrenching tycoon, resigned as a director and member of the executive committee of Youngstown Sheet & Tube Co., also from the Chairmanship of Continental Shares, Inc. Last week the Eaton firm of Otis & Co. retired from the N. Y. Stock Exchange...
...Cyrus Stephen Eaton of Cleveland, the man who blocked the Youngstown merger, was the man who caused the bonus war. What justification was there, he had asked to know, for paying as high as $1,623,753 in one year (1929) to President Eugene Gifford Grace? Minority shareholders echoed Mr. Eaton in surprise and indignation. Chairman Charles Michael Schwab, who had issued the bonuses in his discretion (but never taken one himself), pleaded with tears in his eyes and a catch in his voice for the shareholders to "drop it, drop it" (TIME, April 27). Last week, having altered...
Otis Resignations. In 1899 Charles Augustus Otis founded the banking house of Otis & Co. Sixteen years later he made young Cyrus Stephen Eaton a partner. Last week Charles Augustus Otis resigned from the firm bearing his name as did Partner Mervin Clark Harvey. Both will go to E. A. Pierce & Co., buyer of the brokerage business of Otis & Co. Other influential Otis & Co. partners who have resigned include Joseph Oriel Eaton (no relation to Cyrus), Richard Inglis, Ferdinand Eberstadt. Cyrus Eaton remained, comparatively alone...