Word: ownership
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...five-hour speech he reaffirmed his intention of traveling his own "road to socialism." The distinguishing marks of the Gomulka road: worker participation in management but not ownership, the right to strike, more local self-government, limited private enterprise, peasant self-management (collective farms, he said, did not "stand the test of life"). Said Gomulka: "The way to socialism on which the Soviet Union advanced is not at all necessary or useful for other nations...
...Wider Ownership." Erhard's plan is to sell 10 million shares at about $12 each over the next several years. This would bring the government $120 million, which is close to Volkswagen's plant investment but well below its estimated assets of $250 million. Erhard aims for "wider ownership of the means of production" by making special provisions for wage earners. The government will give 10% to 20% discounts to Germans earning up to $3,500 a year. To prevent stock control from going to big companies, especially foreign ones, Bonn will limit stock purchases by any buyer...
Before the sale can start, the government may have to prove its rightful ownership. Claims of ownership are being advanced by Volkswagen's original financiers -Germans who paid Hitler's Labor Front $233 each for the "people's car" they never got. Of 300,000 Germans taken in on the deal, a group of 130,000 is still suing in federal courts for some return, although lower courts ruled against them...
Vote Getter. The state of Lower Saxony also claims to own Volkswagen because the British occupation authorities named it to administer the company in 1949. But Lower Saxony has done little to build up Volkswagen, and the federal government expects to knock out this claim with its private ownership bill. The Bundestag is likely to pass the bill this fall, unless Chancellor Konrad Adenauer is upset in September's elections by the Socialists, who favor continued nationalization. But German politicians believe that the very announcement of the stock ownership plan will pick up votes for the Adenauer-Erhard team...
...reason why leasing can be more profitable is that it frees working capital to bring in more earnings. Pennsylvania's Anchor Sanitary Co., for example, found it could make more money by leasing its delivery fleet and using the cash, which it formerly tied up in truck ownership, to buy inventory (plumbing supplies). The bigger inventory turned over seven times yearly and brought a 35% return. Anchor Sanitary paid out about one-seventh of these new profits to lease forklift trucks, salesmen's cars, even office equipment...