Word: fonts
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Dates: during 1950-1959
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Like many another company, Du Pont pays for the worker's diagnosis and early treatment in an outside alcoholism clinic. But how does the company spot the man who needs treatment? Answered Du Font's Alcoholism Advisor David Meharg, himself a member of Alcoholics Anonymous: "When a man-or woman-stops bragging about how much he can drink and begins sneaking and lying about it, that's when he is an alcoholic...
Help from A.A. Du Font's model assault on the bottle problem was detailed by its assistant medical director, Dr. C. Anthony D'Alonzo, in The Drinking Problem (Gulf Publishing; $2.95). The company first looks for certain giveaway signs: "Frequent absenteeism (characteristically on Monday); a gradual and appreciable drop in efficiency; a change in general appearance and dress habits; frequent disappearances from work." Next, Du Pont medics approach the alcoholic sympathetically, tell him that the company views his alcohol problem as an illness, not unlike heart disease. The company then sends the drinker to its own psychiatrists...
...told, Du Pont estimated that G.M.'s 744,000 stockholders and Du Font's 209,419 stockholders would lose, in taxes and stock values, about $5 billion. Said the court, applauding Du Font's presentation, and needling the Government: "The testimony [offered] by the defendants, that of men of wide experience and great responsibility for investing funds and marketing securities, must be given great weight. The type of evidence introduced by the Government, consisting of the testimony of economists without practical experience or management responsibility, cannot overcome the weight of such testimony." Then, borrowing almost the same...
...Pont positions. Altogether, said the court, these restrictions will amply satisfy the Supreme Court's charge to him to "eliminate the effects" of the Du Pont-G.M. tie. Wrote LaBuy, in the meat of a fat (101 pages) decision: "Nothing would support the conclusion that Du Font's possession of the bare legal title to G.M. stock would create any possibility that the stock would have any influence on the practices or policies...
...precedent of. its own: companies held in similar violation of the Clayton Act need only transfer their voting rights. Deeply disappointed, Department of Justice lawyers may appeal. They well recall that the Supreme Court has reversed LaBuy once before on the case; it upset his 1954 ruling that Du Font's control of G.M. did not violate the Clayton Act. Last week LaBuy himself left the door slightly ajar. He noted that several bills are pending in Washington to ease the tax bite of an enforced stock distribution. If a bill should pass, said the judge, his decision...