Word: merritt
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
LOUIS WOLFSON has added another company to the string of firms he owns or controls. For $6,800,000 Wolfson bought Connecticut's 27-year-old Savin Construction Co. (highways, bridges, industrial buildings), will merge it with Merritt-Chapman & Scott by exchanging all Savin's stock for 283,333 shares of Merritt-Chapman. Savin will continue under its current management...
...Henry Merritt Wriston, retiring president of Brown University . . LL.D...
Captain Ted Cooney triumphed over George Milwood, 4 and 2, in the number one match. At number two, the Crimson's Jim Bailey lost to Don Carlton of the Bruins, 2 and 1, but Bruce Thurmond won at three, defeating Charles Merritt...
...from Wolfson-run enterprises. Krider assailed Wolfson and his associates for taking 166,975 low-priced shares from one firm that they controlled (New York Ship: building) and trading them on an even basis for higher-priced shares in another Wolfson-run company, the construction firm of Merritt-Chapman & Scott. The deal, said Krider, netted them over $2,000,000. A reporter wanted to know what was the matter with that. Replied Krider: "It's a question of business ethics. At Montgomery Ward it never would have been permitted...
Wolfson replied to the Avery charges point by point. He said that he had raised Capital Transit's annual earnings from $332,000 to more than $1,000,000, eliminated its funded debt. He said he made not $816,000 but considerably less on the Merritt-Chapman & Scott-Shipbuilding stock swap, and anyway, it was all "paper profit." Yes, his firms bought from one another, but only when they were the bona fide low bidders. Actually, such purchases amounted to only 1.75% in the case of New York Shipbuilding and 75% for Merritt-Chapman & Scott. Charged Wolfson: Montgomery Ward...