Word: ownership
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Dates: during 1930-1939
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Posed in simple form in Manhattan last week was a basic problem of modern capitalism-the divorce of ownership from control. While the management of the $187,500,000 Tide Water Associated Oil Co. counted proxies for a corporate simplification plan in the company's office downtown at No. 17 Battery Place, Tide Water's biggest stockholder, a man with a $20,000,000 stake in the proceedings, sat uptown in his swank Sutton Place penthouse unable to do anything about...
...approaches. Cousin Bertie remained true to his class, performed efficient civic service as an orthodox Republican. Cousin Joe turned social-conscious and, along with several novels and plays, wrote Confessions of a Drone in which he protested the existence of rich parasites like himself. He helped organize a Municipal Ownership League, ran for office in 1909 on the Socialist Ticket. In 1914 he settled down to run the Tribune with Cousin Bertie...
...solemn progress was rudely disturbed by one of those things the old firm so deplores in the affairs of its livelier corporate clients -a well-publicized fight for stock control. The year its new building was finished, N. W. Ayer & Son was converted into a corporation with a stock ownership limited to Ayer officers and employes. Control, how ever, continued to rest in the hands of President Wilfred Washington Fry until his death last summer (TIME...
...they would make only the most casual investigation, would realize that government bonds weigh so heavily on the banks of the United States that only the hypodermic needle of the government-supported F. D. I. C. prevents a recurrence of financial panic. Equally attractive is the "experiment with government ownership of utilities," which may appear as justice to all sorts of political malcontents, but which promises to ruin one of America's most highly capitalized industries, the vast majority of whose securities is held by the small investor. This myopic view of what was once called "liberalism" is shown again...
...from Laurel, however, is the Masonite ownership. Majority of the stock is still in the hands of the original Wisconsin lumbermen who backed the inventor. These include such potent paper and lumber names as Clark Everest (Marathon Paper Mills Co.), Aytch P. Woodson (B. C. Spruce Mills), Cyrus Carpenter Yawkey, dean of Wisconsin lumbermen. Biggest stockholder at last report (33,000 shares) is President Ben Alexander...