Word: divested
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Last week, two weeks of committee hearings came to an end. With the Internal Revenue Service's Alcohol Tax Unit clearing Paiewonsky of Brauer's accusation, with Paiewonsky swearing to divest himself of the Schenley stock, and with the White House standing pat with its choice, the committee approved Paiewonsky as Governor. The full Senate was expected to go along...
...sent us today." Some other remarks were less ecstatic. "Nebulous and rather complicated." sniffed Louisiana's Allen Ellender, chairman of the Senate Agriculture Committee. "A do-it-yourself kit for every farm commodity." hooted Senate Minority Leader Everett McKinley Dirksen of Illinois: the executive branch "could completely divest itself of all responsibility." Argued Vermont's Republican Senator George Aiken: "If farm groups can write their own tickets, some will ask: Why not let labor or industrial groups do the same thing?" Moving Again. The President's farm message was of a piece with other bits of farm...
Last week the acrimonious family quarrel came to an end. In Manhattan's Federal District Court, Pan Am was found guilty of violating the antitrust laws by its restraint of Panagra. Recommending that Pan Am divest itself of its 50% holdings in Panagra. Federal Judge Thomas F. Murphy said: "It is beyond dispute that Pan American blocked Panagra's independent entry into the U.S.-South American market in order that it may continue to share in substantially all traffic carried by Panagra...
Sunderland took over some massive headaches apart from sinking profits. Among them: Fidel Castro's confiscation of 272,472 acres of United Fruit sugar and cattle lands in Cuba; a 1958 anti-trust consent decree requiring United Fruit, by 1970, to divest itself of roughly one-third of its banana import business...
...order house of Carl Joel. As a big supplier to the military, Neckermann was exempted from military duty when World War II began, became a Nazi well connected in party circles. At war's end, the Allies sentenced him to a year's imprisonment for failure to divest himself of his properties; he caught tuberculosis in jail, went to a refugee camp to recover...