Word: mergers
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Dates: during 1930-1939
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Holding companies in themselves are the most effective and economical means of combination. Over outright merger or consolidation, they have the advantage that they can be backed out of if the proposed combination is unsatisfactory. They form a complete concentration of the management and control of an industry without the increasing inefficiencies of large scale business. They are a useful instrument. It is poor logic to abolish them as a whole because some men have abused them in the past...
Late last summer when steel operations were down to 20% of capacity. Tom Mercer Girdler boldly announced a $323,000,000 merger of his Republic Steel Corp. and Corrigan, McKinney (TIME, Sept. 10). Steelman Girdler slaved over the registration of $78,000,000 of securities and lined up enough stockholders to assure the deal's success...
Last week in Cleveland without the slightest warning the Department of Justice cracked down with an anti-trust suit to block Tom Girdler's merger. At the same time suit was filed against seven individuals under an obscure section of the Clayton Act, charging interlocking directorships in ten independent steel companies including Republic and Corrigan, McKinney...
...audiences that Waterloo was a minor crisis in the affairs of a Jewish financier. In The Iron Duke, though Rothschild does not appear at all, Arliss' invariable mannerisms are so reminiscent that it seems strange when he orders his cavalry to charge instead of trying to arrange a merger. Whatever the effect of The Iron Duke may be on Mr. Arliss' ambitions for knighthood, it is likely to be greater than the film's effect upon the U. S. public. Handsome, obsequious and dull, this British picture presents history diluted but not improved by fiction. Liveliest shot...
...three years, to be pensioned thereafter for life. In line for both bonus & burgee was the Mauretania's Captain Reginald V. Peel, who last week was transferred to the Olympic to succeed Captain John W. Binks, retired (TIME, Dec. 31). Cunard Line had agreed before the merger to retire its captains at 60, to ease congestion in the promotion of deck officers. But White Star got tired of paying off retired Cunard skippers...