Word: macke
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...marriage of Messrs. Dahlberg, Mack and Groves was made in Wall Street, not in Heaven, but it works surpassingly well. Last week's announcement of the approaching sale, largely in Europe, of 100,000 common shares of Celotex Corp. called attention to their successful venture in corporate resuscitation...
...would be hard to find three more dissimilar business associates than Bror Dahlberg, Walter S. Mack Jr. and Wallace Groves. Mr. Dahlberg is a smoothfaced, vigorous Swede of 58 who collects Napoleonana, has an ornate office almost as big as Hitler's, runs his business with cosmic scope. Mr. Mack is a relaxed Harvardman with intense blue eyes and nonchalance about money; he likes to consider himself a sort of clinicist for big business. Mr. Groves is a bald, shy Southerner whose financial talents have earned him several million dollars, a reputation as "silent man of Wall Street...
...under the name of Equity Corp. and sold them to David Milton, son-in-law of John D. Rockefeller Jr., for a neat profit of $750,000. After that, he bought control of Phoenix Securities Corp., an inconspicuous investment trust then worth some $4,000,000, lured young Walter Mack Jr. away from Equity Corp. to help him run it. Financier Mack comes of a wealthy family, was 1917 at Harvard, operated a cotton mill for a while, married a granddaughter of Adolph Lewisohn, eventually developed a penchant for politics and financial reorganizations...
...Mack and Groves had a new idea for Phoenix. Instead of buying up good investments at bargain prices in the manner of Floyd Odium's Atlas Corp., they would buy up ailing or bankrupt industries cheap, cure them and sell them high. Celotex looked good to them and in 1934 they acquired common stock control...
Asked to name the three outstanding men in the history of Philadelphia, a 12-year-old schoolboy last week replied: "William Penn, Benjamin Franklin and Connie Mack." That day the surviving member of this trio, Connie Mack (Cornelius McGillicuddy), celebrated his 76th birthday, went down to his office just as he has done for the 38 years he has been managing the Philadelphia Athletics, announced that he hopes to have one more pennant winner before he retires from baseball-at a date still unspecified...