Word: ownership
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Dates: during 1950-1959
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...that. Through its stock holdings, Alleghany has 17% working control of the New York Central Railroad, plus 50% ownership of the Missouri Pacific Railroad. The Central also owns more than $500 million in Manhattan real estate, including the Park Lane, Commodore, Biltmore and Barclay hotels, plus several blocks of Park Avenue land. Biggest plum of all: Alleghany's 47.8% control of Investors Diversified Services, which manages five mutual funds whose combined assets total about $3 billion. This great Alleghany complex, says Sonnabend, "has been static since Robert Young died. It needs new vitality and dynamism...
...Catch Stars. To get his star, Hub Robinson had flown to Scandinavia, tempted Actress Bergman with a reported $100,000, plus ownership of the show in Europe. While in Europe, Robinson also talked Alec Guinness into making his U.S. TV bow (scheduled Nov. 10) by captivating him with a comic short story about a Machiavellian bank clerk. For forthcoming Ford specials, Robinson has also hooked Jack Benny, George Burns, Marian Anderson, Leonard Bernstein, Jimmy Stewart, Ethel Merman. Coos one Robinson recruit, Roz Russell (whose coldness to TV he thawed by offering her a thumping $100,000 for the first Ford...
VOLKSWAGEN STOCK SALE has been agreed upon by West German federal government and state of Lower Saxony, will end a ten-year ownership dispute. Plan calls for 60% of shares to be sold to the public, 20% to be held by Bonn, 20% by Lower Saxony. To prevent majority control by a single group and to spread ownership as widely as possible, the $25 shares will be rationed five to an investor. To attract lower-income customers, initial sale will be restricted to German citizens making less than $4,000 a year...
...Club could not exist as a well equipped and active group were it not for a group of University graduates who form the Harvard Aviation Foundation, an advisory board for the club. It is the Foundation, not the Club, which actually holds ownership of the new Luscombe 8F; and the advice of Foundation members, many of whom are prominent in aviation circles, guides Club policies...
...merchandise stores have declined 9%. But with more and more people on the go, restaurants are up 4%, automotive retailers 20%. Meanwhile, U.S. consumers, spending more on their persons and their surroundings, have caused the number of service trades firms to expand 18%. A,nd the rise in property ownership has caused the ranks of finance, insurance and real estate firms to expand...