Word: general
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Until the revenuers struck, Slenderella's fast-talking President Lawrence Mack, 40, had shown a nice talent for handling complaints. A former general manager for big Stauffer Reducing Inc., he fought off a patent infringement suit by Stauffer after he set up Slenderella with a reducing table similar to Stauffer's. He also shook off a campaign by the Better Business Bureau against his "misleading advertising," which promised that size 20s would be squeezed down to size 14s. Mack promoted Slenderella with TV and radio spots, built up sales to more than $20 million in seven years, held...
Among the 250 interested shareholders at the annual meeting of land-selling General Development Corp. in Miami last week was Peter Theakston, 13, who had banked enough from his newspaper route to buy four shares last January at 38⅜. Like other shareholders, Peter was concerned by the stock's gyrations (TIME, March 30)-selling as high as 77½ in mid-March, down a fortnight later to 45⅛. Nobody had the courage to ask management for an explanation, until Peter spoke up: "Why did General Development stock rise so fast and then drop so fast?" President Frank...
...rare double split, General Development shareholders approved a one-for-one split on top of a one-for-four distribution-raising Peter's total to ten shares. By week's end, as General Development's old stock bounded back to 55⅛, Peter's original investment of $153.50 had a market value of $220.50. Wrote Peter in a school theme: "I worked hard and made a small fortune. Now I have invested the money, and I am going to relax and make a big fortune...
...Securities and Exchange Commission also seeks an answer, has been quietly investigating General Development for weeks...
Painters & Probers. By art, Barzun seems to mean a cult of the sensibility; by science, a mystical cult of facts; and by philanthropy, he means a kind of goofy general doctrine of charity that holds that no idea or person can be dismissed just because the idea is absurd or the person incompetent...