Word: inquisitors
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...stockholder had a case against his directors, a good court in which to bring suit would be Ferdinand Pecora's in Manhattan. That quick-witted, onetime inquisitor for the Senate Banking & Currency Committee could undoubtedly recall without recourse to the record at least one parallel case from his rich experience in Washington. Last week stockholders who were suing the directors of Industrial Finance Corp., parent of Morris Plan banks, did receive a decision from bushy-haired New York Supreme Court Justice Ferdinand Pecora. The issue to him was plain...
...Inquisitor: Do you mean that you do not know how you became a member of the board...
...Inquisitor: Did you take any part in the management of the company...
Those who were responsible for Yosemite's management, revealed Inquisitor Schenker, had sold out in 1932 to Equity Corp., which the same year clever Wallace Groves had begun to piece together mainly from broken-down trusts (TIME, Aug. 10). For his 40,000 shares of Yosemite Inventor Kettering received in exchange 20,000 shares of Equity, which he later disposed of for $1 a share...
...Inquisitor: All you know is that you came in with $260,000 and went out with...