Word: ownership
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
Many Canadians seem to think so-among them Prime Minister John Diefenbaker. "There is an intangible sense of disquiet in Canada over the political implications of large-scale and continuing external ownership and control of Canadian industries," he says...
...what he doesn't like. But what have the Americans done? They have brought money into Canada. They have invested in the future of Canada. They have done it as best fits in with operation of wholly-owned subsidiaries to American corporations. Almost without exception, their stock ownership is available to Canadians. Canadians, if they had the money and the inclination, could control every one of the American companies operating in Canada. If Americans can see the opportunity in Canada and Canadians are blind to it, why criticize the Americans...
Despite such arguments, there is a strong movement from inside to outside boards. Last year 52% of the publicly owned U.S. corporations polled by the National Industrial Conference Board had boards dominated by outside directors, and the percentage is growing. Partly, the shift is due to widening public ownership of U.S. business. As companies grow bigger and more competitive, the day of the tightly held family corporation is fast disappearing. Says Cleveland Management Consultant Robert Heller: "As companies expand, they have to go into the market for money and then must bring in outside directors to represent the public...
Rowse here examines carefully the performances of 31 daily newspapers, plus one more in the appendix. He chose the 32 papers wisely, mainly on the basis of circulation, reputation and location; and he also tried to include a sampling of political views and ownership groups...
Ever since the U.S. Supreme Court ruled that Du Font's 40-year-old ownership of 23% of General Motors stock violated the 1914 Clayton Act (TIME, June 17), U.S. businessmen have been fretting over just how far the Justice Department will try to push the new decision. Last week they could breathe a little easier. In a carefully prepared speech Robert A. Bicks, a top member of the Justice Department's Antitrust Division, told the American Bar Association that the Government would take a long, hard look before trying to upset other longstanding affiliations. Said Bicks...