Word: inventors
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...genius when it comes to a gasoline motor, Multi-millionaire Kettering is No. 3 man in the world's largest automobile concern, runs GM's great research laboratories. From last week's testimony, however, it soon became clear that he is a better inventor than investor. To Mr. Kettering, in the spring of 1930, went two hale fellows, Ralph W. Simonds.of Baker, Simonds & Co. and Luther D. Thomas of Detroit's Fidelity Trust. They and their firms were sponsoring an investment trust called Yosemite Holding Corp. On their recommendation "Boss" Kettering bought through them...
...thus withdrawn, that Messrs, Simonds & Thomas went into the open market to buy the other 10,000, thereby running up the price and improving their waterlogged position; that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...
...Inventor...
...Inventor: No, I do not, and I have tried to find out how it happened...
...Inventor...