Word: funston
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Dates: during 1950-1959
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...proxy war, said management will solicit proxies from stockholders for the first time. But it will have to battle some of the brightest lights of U.S. business. Among the rebelling foundation trustees-appointed by R. H. Kress himself-are New York Stock Exchange President G. Keith Funston; Frank M. Folsom, executive committee chairman of Radio Corp. of America; and Harold H. Helm, board chairman of Manhattan's Chemical Corn Exchange Bank...
CORPORATIONS Catini to the U.S At a private luncheon in Milan with a group of Italian industrialists, New York Stock Exchange President Keith Funston extolled the advantages of listing their stocks on the Big Board, where they would have free access to the world's biggest financial market. One of the intent listeners was blue-eyed, blueblood Count Carlo Faina, 62, president of Italy's giant Montecatini Co. Last week the exchange made an announcement: about Feb. 15, provided SEC agrees, the New York Stock Exchange will list 20 million shares of Catini, as it is known...
...Keith Funston, president of the New York Stock Exchange, envisioned a gross national product of $600 billion by 1965, provided U.S. corporations can raise $360 billion for expansion. Funston warned that the man who should supply $30 billion of this amount-the private investor-is hindered by prohibitive taxes that have "locked in" $200 billion in unrealized capital gains that could be used for new investments. Funston called the capital gains tax "one of the harshest penalties on success this country has ever devised," suggested tax liberalization to attract more funds for investment in the nation's business future...
...stockholders in publicly held companies, one-third more than four years ago. So New York Stock Exchange President Keith Funston announced this week, after a survey of 6,000 corporations, brokerage firms, banks and trust companies. With another 1,400,000 persons owning shares in privately held corporations, there are now more than 10 million stockholders in the nation, one out of every ten U.S. adults...
...exchange, thus picked up the listing with no trouble. In other cases companies have sold out everything but the listing, then gone into a different field under a new name. Last week the exchange's Board of Governors bolted this back door. Henceforth, said President Keith Funston, "the Stock Exchange will refuse to list additional stock if the surviving company does not meet current initial listing standards...