Word: ownership
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Dates: during 1950-1959
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Demolition Job. One by one, La Buy ran down the list of Government charges and carefully demolished each in turn. The U.S. charged that through Du Pont's ownership of 23% of General Motors stock, the company pressured G.M. to buy Du Pont products. Wrote La Buy: "No agreement was made . . . which bound [G.M.] to buy any portion of its requirements from Du Pont . . . [Du Pont] did not limit General Motors' purchasing freedom...
...growth of our dynamic economy. If industry is to be supplied with the new funds it must have in the years ahead to create jobs, produce new and better products, and continue to raise our national standard of living, it will be essential to broaden the base of corporate ownership--to add to the rolls of American shareowners millions of financially able individuals who are not now owners of corporate stock. Mass investment will have to be added to our modern miracles of mass production and mass distribution...
...York Stock Exchange has taken the lead in encouraging broader ownership of corporate stock. Under the theme "Own Your Share of American Business" we are attempting to educate the American public about the importance of equity capital in providing all of us with jobs, in making possible the production of new products devised by industrial research and in raising the standard of living of each and every American. We are pointing out the risks and rewards of common stock ownership as well as the need for adequate financial reserves and life insurance as prerequisites to investment. We are explaining...
Perhaps one of the greatest stops forward in the program to broaden the base of corporate ownership was taken during the past year with the introduction of the Monthly Investment Plan. This Plan is designed to permit a person to purchase stock out of income--by making regular purchases every month or every quarter. Under M.I.P., as we call it, a person can put as little as $40 a quarter into the stock of his choice. No credit is involved. The purchaser gets just what he has paid for--whether it is 5 shares or 1/5 of a share...
...prices openly arrived at in dealings with other investors. As long as it can meet the needs of investors for such a market its important place in our economy is secure. But beyond this primary function it has taken on a broader task--the encouragement of wider public ownership of our country's economic might--not public ownership through government but through individual investment in common stock by millions more financially able Americans...