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...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...

Author: /time Magazine | Title: CORPORATIONS: Victory for Investors | 10/12/1959 | See Source »

...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...

Author: /time Magazine | Title: CORPORATIONS: Victory for Investors | 10/12/1959 | See Source »

...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...

Author: /time Magazine | Title: CORPORATIONS: Victory for Investors | 10/12/1959 | See Source »

Once a Roman shop in the ancient city of Sardis, the baptistry is dominated by two crosses which cover earlier pagan inscriptions on a marble basin. The buildings also contained a marble baptismal font, coins from the Byzantine and Roman Empires, and a torso of Athena...

Author: NO WRITER ATTRIBUTED | Title: Archeologists Uncover Baptistry, Furnishings In Sardis Excavation | 7/30/1959 | See Source »

Courtney was a continuous inspiration, a font of comfort and reassurance to all about him, as he occupied the exposed position at the very bottom of his class. Everyone enjoyed him. One of his roommates remembers that "Courtney slept most of the time, except when he played cards. He was swell. His mother sent him brownies." Another recalls, "He seldom gave anyone trouble. You see, he talked only on infrequent occasions, and then not very well...

Author: By John B. Radner, | Title: An Imperfect Fool | 5/19/1959 | See Source »

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