Word: m
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Dates: during 1950-1959
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...annual meeting, Phillips tried, by a series of serious charges, to bar the Pennsy's directors from taking their seats. He accused the Pennsy of violating Securities and Exchange Commission and state regulations by refusing to deliver stockholder lists to him, argued that President James M. Symes made "false and misleading statements" in two proxy letters which said that Phillips had "no experience or qualifications to serve as a director," and that he had assumed "self-conferred, high-sounding titles to describe his career...
Died. Jacob M. Lomakin, 53, last identified as councilor of the Soviet embassy in Peking, onetime (1946-48) U.S.S.R. consul general in New York; after long illness; place not revealed. Jacob Lomakin was kicked out of the U.S. in 1948 for his role as the heavy in the case of Mrs. Oksana S. Kasenkina, the Russian schoolteacher who jumped from the consulate window in Manhattan (after Lomakin had confined her there to await involuntary return to the Soviet Union) and was picked up, seriously injured, to recover, become a U.S. citizen...
Ailing Studebaker-Packard announced last week that it was ready for a new try at the auto market with a new car, new financing and new blood. As expected, the new blood was supplied by Abraham M. Sonnabend, an expert at blending tax-loss carry-overs with profits (TIME, Aug. 18), who will now pick up moneymaking acquisitions to balance S.-P.'s $135 million tax carryover. The refinancing comes from 23 banks and insurance companies, which take over S.-P.'s $54.7 million debt in return for $16.5 million in 15-year-notes, and 165,000 shares...
...customer appeal its design will have "a hint" of this year's Hawk sports car in its styling. For variety S.-P.'s "Model X" will come in four body styles, have a choice of V-8 or six-cylinder engines. Said President Harold Churchill: "I'm happy to see the Big Three coming out with cars so long and so low that only Eskimos can get into them. From our market surveys we know this is the right time to get a good reaction with a small, low-cost car." Probable price...
...Behrman's screenplay, adapted from Jacobowsky and the Colonel, his 1944 Broadway version of a play by Austria's Franz Werfel, Jacobowsky has "spent most of my life trying to become a citizen of some country ... In the technique of flight, you might say I'm an expert." He needs to be. When he bribes a Rothschild chauffeur into selling him "the last car in all Paris," he is able to prevent its being commandeered by the colonel only by hiding the gasoline until promised a ride. Once aboard, he finds they are heading not south toward...