Word: divested
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Still cogent was the acid observation made by NBC's Niles Trammell before the Senate Interstate Commerce Committee last month. Said he: "We are now ordered to divest ourselves of one of our network services . . . while at the same time, the licensing policy of the Commission encourages our entrance into the operation of new stations in the fields of television and FM. The older service of broadcasting is profitable, but the new services are yet to produce any revenue. Apparently the Commission favors our loss of present investments and revenue, but wants us to invest in new fields...
Moaned an Etonian two days later in the Personal column of the London Times: Will the numerous Harrovians who, in at tempting to divest a very old Etonian of his trousers, deprived him of two treasured five shilling pieces and a gold safety pin please return one or all to the Army and Navy Club...
...president, not necessarily a broker, would be hired by the Board of Governors, would have to divest himself of all other business interests, would have power to appoint, subject to approval by the board, all officers except the chairman and vice-chairman of the board...
...Washington statistician hired by the commission for the purpose, Cecil Vearl Maudlin, made a survey and joyfully "discovered" that eight of the ten big anthracite producers and seven of the nine anthracite railroads were "controlled" by Morgan interests. In 1920 the Supreme Court ordered the anthracite carriers to divest themselves of their coal properties. According to Mr. Maudlin, the result of that order was that both mines and railroads fell into the hands of Morgan & friends. And Mr. Maudlin reported: "Under such a situation they can forego profits on the production of anthracite and recoup them in high freight rates...
...year, depending on income, so that G.O.A.A.A. members could all remain in the union. Having thus accomplished exactly what it had planned to, but with a minimum of friction, it remained for the Guild, as a legally constituted labor union with a new membership of small-fry artists, to divest itself of the appearance of being a club of big names. As if aware of this. Baritone Bonelli at once announced a drive to unionize even the mighty Metropolitan. But he added: "I hope I'll never see the day when Guild members will have to go on strike...