Word: flatto
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Dates: during 1939-1939
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...Newcomb Carlton imperiously whacked his gavel, a short, balding, dimpled little man circulated happily through the muttering crowd. He was Stockholder Arthur C. Flatto,* enjoying a day to which he had looked forward for many months...
When he was 15, Arthur Flatto began buying stocks out of his allowance (first was U. S. Rubber). In 1929 he got into Western Union, at 240, later bought more. Russell Sage once said that only once in a lifetime did a man have the chance to enrich himself by buying Western Union below $50 a share, and when that chance came, Arthur Flatto took it and held on. Last week he held 1,350 shares of Western Union, selling...
...chain of circumstances that discredited Russell Sage, angered Arthur Flatto and many another Western Union stockholder, is similar to that with which railroads are familiar: revenues down and costs up, largely for reasons beyond the management's control (see below). But Arthur Flatto believed that the management had "failed to function properly in producing profits," three months ago started rounding up proxies to oppose the management slate. No mere corporate troublemaker, he spent $4,450 out of his own pocket convincing other dissatisfied shareholders that they were entitled to minority representation "just like the Supreme Court." This proposition Messrs...