Word: ownership
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Dates: during 1940-1949
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Right or Wrong. Many a Wall Streeter was quick to point out that this was not the whole picture. They argued that U.S. corporations are approaching a managerial crisis. In the main, they have become too big for one-man ownership or operation. They must shop outside for top-drawer talent, then offer a substantial inducement for that talent to stay put. With sky-high taxes, sky-high salaries alone are no such inducement. The best inducement is to give top men a chance to build up what Wall Street calls "an adequate capital position," i.e., make more money...
Neither De Gaulle nor the Algiers Committee envisages the Fourth Republic as a replica of the Third. Neither private cartels nor utterly free enterprise find favor with De Gaulle. He has said that France must have a stronger executive, an important extension of Government ownership among industries large enough to influence the body politic and an array of social securities to warm the hearts of Socialists. De Gaulle holds that these things are demanded by the vocal underground. In Algiers today there are enough chosen delegates from resistance groups in France to give validity to his claim...
Between seasons of working the farm, B.A. collected a string of 54 mares, finally turned the farm over to a caretaker and devoted himself to racing. But his devotion to fine horseflesh for its own sake was complicated by the responsibilities of ownership. In 1931 B.A. sold his string, took a job as head man of Kansas City's Woolford Farm. Seven years later he reached the top when Lawrin won the Derby...
...know of no better way to accomplish [continued operation] than to vest ownership and control of these Government plants in the men and women who have served in the armed forces. . . . Giving to each of them a share in the ownership and control of a giant segment of American industry would amount to giving them a stake in the future of the democratic economy of America which they are fighting to preserve. It would be the most beneficial form of a bonus payment...
...kept his title but has refused to govern. Belgian courts have stubbornly refused to cater to the Nazis, and have kept the prewar judicial system pretty well intact (TIME, Jan. 25, 1943). Nazi exploitation and expropriation have presumably played havoc with Belgium's interior economy, left the true ownership of many properties in doubt. But even this factor-a specter of disintegration which overhangs all Europe-did not seem to worry Premier Pierlot. Comfortably, he recalled that Belgium still has her rich African Congo, now aboom with wartime demands for its rubber and minerals...