Word: inquisitor
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Having spent a fortnight questioning those who might have profited from the $5,000,000,000 evaporation of U. S. investment trust assets between 1929 and 1936, the Securities & Exchange Commission's Inquisitor David Schenker last week turned his attention to a notable loser. Up to the witness stand in Washington's SEC building stepped tall, lank Vice President Charles Franklin ("Boss") Kettermg of General Motors Corp...
Under the agreement the stock was to come from the company's treasury. But did Scientist Kettering know, asked Inquisitor Schenker, that only 30,000 was thus withdrawn, that Messrs, Simonds & Thomas went into the open market to buy the other 10,000, thereby running up the price and improving their waterlogged position; that the stock for which he paid $6.50 per share was sold to them by the company for only $5.95. Inventor Kettering sputtered a shocked: "No!" There were some other things which Mr. Kettering evidently did not know about a venture into which he had sunk...
...Inquisitor: How was it, Mr. Kettering, that you became a member of the Yosemite board of directors...
...year investigation of public utility holding companies for the Federal Trade Commission. His first lieutenant is Paul P. Gourrich, a demon statistician who used to work for Kuhn, Loeb & Co. If his German accent were not so pronounced, Paul Gourrich might have been Commissioner Healy's inquisitor. Asking the questions last week was David Schenker, a bright young SEC lawyer who learned about investigations on the staff of Ferdinand Pecora in 1933. But always at Inquisitor Schenker's right last week, priming him with questions, prodding him on with an elbow in his ribs, was intense, guttural Paul...
...custom of "listening in" on other people's conversations over party telephone lines still prevails. Last month in Washington the Federal Communications Commission started listening in on The Telephone Company (TIME, March 30). In the past fortnight the Commission's dapper young inquisitor, Samuel Becker, has picked up the following nuggets, most of which in any comprehensive investigation of American Telephone & Telegraph Co. could hardly be rated as more than prime gossip...