Word: giffords
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Dates: during 1930-1939
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...livelier fashion. Armed with a $750,000 appropriation, the Commission is already at work on an investigation of the telephone industry for the benefit of the U. S. Senate, which discovered to its amazement that A. T. & T. had never been put under the Congressional microscope. President Walter Sherman Gifford says there are no skeletons in his closets, and last week at the annual A. T. & T. meeting in Manhattan he confined his remarks to routine business...
...stockholders, who turned the meeting into a rousing capitalist demonstration. They cheered loudly when President Gifford announced that his salary was $206,250 per year. "He's worth more than that," yelled a Gifford rooter. One stockholder uprose with a plea "to end all troubles by voting the Republican ticket." Another suggested an educational program for the public and for legislators. "Did you call them legislators?'' fumed a little grey-haired man in the front row. "They're not legislators; they're inflated balloons...
...when it was suggested that A. T. & T. split its stock (last week's price: $110) so that the present $9 dividend would not draw political fire, President Gifford put down his foot. A split would merely reduce the rate, not the amount actually received by stockholders. "The company," said Mr. Gifford suavely, "should not try to hoodwink the public...
...Capitalists are insane in their view toward the trade unions," declared Mrs. Gifford Pinchot, wife of the ex-governor of Pennsylvania and amateur strike-leader, in an address before the Liberal Club at Phillips Brooks House last night...
...largest private corporation failed to earn its regular dividend ($9). American Telephone & Telegraph and affiliates announced 1934 net income of $5.96 a share ($111,000,000) against $5.38 the year before. The regular dividend had been paid by drawing upon surplus, now $21.50 a share. President Walter Gifford announced that during the year A. T. & T. had perfected a new telephone which has the bell and other equipment in the telephone itself instead of in a separate...