Word: fonts
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Dates: during 1950-1959
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Before the U.S. District Court in Chicago last week, Du Pont answered the Government's proposed plan to eliminate Du Font's control of General Motors. Du-Pont flatly said that it would fight the Government's proposal requiring it to distribute two-thirds of its 63 million G.M. shares to its stockholders over a period of ten years, sell the remaining one-third on the open market (TIME, Nov. 4). Said Du Pont: "A harsh, unreasonable and wholly unnecessary penalty...
...Aladdin, a sort of Horatio Alger story smothered in Oriental opulence, had everything except taste. There were fire-eaters, elephants and Chinese superbazaars, and special effects that must have taken all of Sponsor Du Font's chemical resources. The score - his first for TV-seemed not so much by Cole Porter as against him. Cyril Ritchard's sporadic drollery clashed with the eager droolings of the teen-ager's rage, Sal Mineo, whose Aladdin only maddened. As for Perelman, even his "native sportiveness" was lacking. He would probably have done better with one of the earthier versions...
...inherited from his maternal grandfather-and promptly lost it all playing the market. He went to work for General Motors, rose to be assistant treasurer at a salary of $35.000 a year before going to Du Pont as financial adviser to the late John J. Raskob. Du Font's top financial man. Young made his first million by selling short just before the 1929 crash, set up a brokerage firm with an old friend. By picking up securities that looked worthless to most people, then stepping in to run the properties involved, he added another...
Ever since the U.S. Supreme Court ruled that Du Font's 40-year-old ownership of 23% of General Motors stock violated the 1914 Clayton Act (TIME, June 17), U.S. businessmen have been fretting over just how far the Justice Department will try to push the new decision. Last week they could breathe a little easier. In a carefully prepared speech Robert A. Bicks, a top member of the Justice Department's Antitrust Division, told the American Bar Association that the Government would take a long, hard look before trying to upset other longstanding affiliations. Said Bicks...
...their immense prewar business and prestige than the most optimistic German had hoped for. Sales of the three biggest companies last year topped $1.09 billion, just over Farben's prewar total; and they are rising at the rate of 12% a year (but are still well behind Du Font's $1.89 billion). Even so, the German chemical industry has grown so fast that the trio accounts for but one-third of all West German chemical sales. Yet it holds 7% of the capital invested in West German companies, employs 2% of the country's industrial work force...