Word: elliott
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Dates: during 1950-1959
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...same group. Says Grant: "Group living puts pressure on them. Now each is living with 19 others who have the same outlook. His opportunities to blame someone else are minimized. You give him rope, finally make him aware that he's hanging himself." The one essential that all Elliott inmates have in common is their tendency to act out antisocial behavior which most people express in words, or repress within themselves. "Acting-out" problem cases have been regarded as almost hopeless, but Grant believes he has found a way to treat them: keep the subject concerned about and facing...
Nobody could yet say whether M.'s change was permanent, but his chances looked good. In his first five months back on duty, he conscientiously followed instructions and sent two reports on his activities back to Elliott...
...Turnaround. In about nine years the Navy has tried to retrain 48,000 problem personnel, succeeded in restoring 14,000 to duty-enough to man four big aircraft carriers. Last week the Elliott psychology project was being studied at the Navy's two other retraining commands, Portsmouth, N.H. and Norfolk, Va., to see whether this rate can be bettered...
Once a profit was in sight, Crowell-Collier President Smith set to work to bring in badly needed new capital. He laid his financial problem before Manhattan Broker Edward L. Elliott, who found him a group of 26 big investors, including Chicago Financier J. Patrick Lannan (see BUSINESS). The Elliott group agreed to buy $3,000,000 worth of new Crowell-Collier debentures, convertible to 600,000 common stock shares (at $5 a share). It also took an option to buy half the 400,000 shares (26% of outstanding stock) held by the late Joseph Knapp's Publication Corp...
...boosting authorized stock from 1,700,000 shares to 3,000,000 (to cover the convertible debentures) and buying up 200,000 shares of the Publication Corp. stock, the Elliott group can dilute Publication Corp.'s share in Crowell-Collier to as low as 6.5%, thus end its working control. If all goes well at a special stockholders' meeting next week, most of Crowell-Collier's old 17-man board will resign, to be replaced by a streamlined, nine-man board which will be controlled by the Elliott group. Smith left no question about who will then...