Word: hendershot
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...look askance at the profits which P. & G. and many another company were reporting. They seemed to mean that prices had been raised too high in the first place. After looking over P. & G.'s report, the New York World-Telegram's conservative financial editor, Ralph Hendershot, summed...
...York World-Telegram, Financial Editor Ralph Hendershot wrote: "Granting stock options to officials of corporations is beginning to be almost a habit. . . . The wave of options (other terms are used in many instances) currently being proposed are designed chiefly to avoid income taxes. If salaries are increased for those already drawing down large amounts, the bulk of the increase would be paid in taxes. . . . These companies evidently believe that through these stock options, capital gains can be created, in which event the tax is only...
...were still grumbling last week at his endorsement of many a New Deal reform. New Dealers pointed out that if rearmament is to proceed, no candidate can make an honest campaign issue of budget balancing or lower taxes. But Wall Street believed (in the words of Financial Writer Ralph Hendershot) that Willkie "will get more for the Government's money." And thousands of U. S. businessmen, turning their backs on President Roosevelt for what they hoped was the last time, felt a great psychological release. Even if they must undergo more regimentation for Defense than they have for Depression...
Manhattan's two afternoon dailies with Wall Street followings are the World-Telegram and the Sun. The World-Telegram's Ralph Hendershot writes a boxed feature which is syndicated to about a dozen other Scripps-Howard papers. The Sun's Carlton Adamson Shively has established himself as the sprightliest financial columnist...
Last week President Brown undertook to give the American Bankers Association in New Orleans (see above) a definitive exposition of the current business viewpoint. Commented Financial Editor Ralph Hendershot of the pro-Roosevelt New York World-Telegram: "Few speeches have ever been made . . . which presented the position of so-called big business so well. . . . The Republican party could build its entire campaign around his speech...