Word: ownership
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Dates: during 1950-1959
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...Rule of Thumb. Basic to Joe Moore's childhood was the ownership of livestock. Beginning when he was four, Joe and his sister, Donneita, shared ownership of lambs deserted by their mothers, feeding them by bottle until they were old enough to go on grass. Already, Joe's hearty appetite for cold cash was apparent: he even made a tidy profit out of his habit of sucking his thumb. For months, both his mother and grandmother put dimes under his pillow every time he went to sleep without his thumb in his mouth. Finally grandmother Carver said...
...more jauntily than ever. Now that his chance was coming to lead, Morrison was not going to let anyone out-Socialize him. "My test of a person on the left is what he gets done," he snapped, and pointed out that he had brought in the first public-ownership bill back in 1931. The Bevanites howled with rage. Morrison persisted: "You have to consider the jolly old electorate and what it will swallow. The British are not going to take in one election program the public ownership of all industry...
Despite the objections, employee stock-purchase plans seem here to stay, and likely to spread. They not only help management broaden the base of company ownership, but also help establish a close relationship between management and employees. Stock-buying workers develop a greater incentive to save, a bigger interest in producing more, and a chance to get a permanent stake in U.S. capitalism...
Last week Tom Robinson gave his answer. He borrowed $1,000,000 and brought out all of his stockholders. For them it ws a good deal: they got back more than double (before taxes) what they had invested. With complete ownership of the paper, Robinson squared off to do battle with the Knight chain. Tom Robinson professes to be unworried. Says he: "It's very healthy for any city to have strongly competitive papers. The Knights just make my days longer...
...service, New York's Harold Elstner Talbott Jr. gave up a good deal to join the Eisenhower Administration as Secretary of the Air Force. He sold his stock holdings (more than $700,000 worth), resigned as director of Chrysler Corp., cut all his business connections except one: half ownership of Mulligan & Co., a small Manhattan firm (15 employees) engaged in clerical-efficiency studies. Last week that side interest had Harold Talbott in trouble...