Word: ownership
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Dates: during 1950-1959
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Under his will his daughter was named president or board chairman of some 50 corporations that he controlled. Ownership of the corporations was left to the Moody Foundation, a charitable trust that he set up to save his empire from being broken up to pay inheritance taxes. Mrs. Northen, as foundation chairman, and four other trustees-will vote the stock, thereby control the Moody companies. Among them: a chain of 30 hotels, three banks, eleven ranches, two daily newspapers, a commercial printing plant, a cotton company, and the American National Insurance Co., whose assets of $364 million make...
...collective-minded Burma, no one will eventually own more than 50 acres, a two-bullock plot. U Nu's principal associates, Defense Minister U Ba Swe and Industries Minister U Kyaw Nyein. both talk as if Burma must be led towards total nationalization of industry, total cooperative ownership and working of the land...
...complex world of French journalism, ownership of newspapers and magazines is often a closely guarded secret and political pasts something many publishers would rather not discuss. No one is more mysterious about his past or surer of his present than aging (69), aloof Jean Prou-vost, whose LIFE-like picture weekly, Paris-Match (circ. 1,160,000), is one of the biggest magazines on the Continent, and who also holds financial control of the conservative, respected Figaro (circ. 499-200), oldest daily in France. Among French newsmen and politicos. Publisher Prouvost has been called everything from the "obscene corrupter...
...much. "Once we make a crutch of the Government," he believes, "we are on our way to becoming political cripples." He wants-at the right time and on the right terms-independence for the Indians, statehood for Alaska and Hawaii, private initiative on electric power and more private ownership of public lands...
Struggle for Power. To Doug McKay, there is no public-power issue. In 1932 he was president of the Salem Public Ownership League; he has long supported local public power, and he insists: "Public power is here to stay." The real issue is federal power, which is very different-and which has increased from less than 1% of the nation's total in 1935 to more than 13% last year...