Word: lambs
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Dates: during 1950-1959
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...Rubber Co. of Akron, something ominous seemed to be going on last summer in the corporation's stock. Ordinarily inactive, Seiberling shares were moving up on the New York Stock Exchange in a way that indicated someone was buying large blocks. The someone turned out to be Edward Lamb of Toledo, a left-wing labor lawyer turned business tycoon who has amassed a $30 million empire (24 companies, six radio and TV stations, a newspaper). When the worried second generation of Seiberlings invited Lamb in for a chat last October, he appeared, but said little. That was the last...
Last week the Seiberlings heard from Lamb again with dismay; he announced that he held 100,000 of the company's 391,430 shares of common stock, giving him effective control. The entire board of directors, including the three Seiberlings, held only 20,000 shares in April, have been buying more since; the No. 2 stockholder after Lamb has only...
...earnings 79% to $215,789, and its common-stock earnings from $2.10 in 1953 to 2? per share. The company has started diversifying into plastics, and 1955 looks like a better year, with sales of $34 million and earnings of $834,000 in the first nine months. Said Lamb last week: "Seiberling affords a great opportunity for further expansion and development. We have not, however, made any suggestions of any kind concerning the management...
...JACK LAMB...
...while there was something like confusion on the upper levels of physics. But physicists enjoy this sort of confusion: it gives them a stimulating workout. Soon they found ways to reconcile-and reinforce-their theories with the Lamb and Kusch experiments. Both discoveries went into the general pool of scientific knowledge and had no immediate effect in practical applied physics. Said smiling Dr. Kusch last week: "You can peddle the patent rights...