Word: ownership
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Dates: during 1960-1969
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...made its debut in 1935, and Glamour, launched in 1939, were brought under the same roof in 1959 by the ubiquitous publisher Sam Newhouse, who owns a controlling interest in both, as well as in Vogue, which he gave to his wife as a 35th anniversary present. Despite common ownership, the two magazines compete earnestly. With a circulation of 635,000, Mademoiselle is the more venturesome of the two, featuring the more avant-garde clothes on the more awkwardly posed models. "They have been criticized for being beat," says New York Times Fashion Editor Pat Peter son, "and then...
...holders increased 48% , to 3,200,000. Reflecting the nation's westward shift, California replaced New York as the state with the largest number of shareholders. Cities of under 25,000 population have the fastest-growing number of shareholders, minors are the fastest-growing age bracket in stock ownership (total: 1,280,000 owners), and housewives are the largest group (51% of all stockowners are women). Commenting on these figures, Stock Exchange President Keith Funston said that most of the stockholders are not speculators but rather people who buy stock and hold on to it, thus riding...
...Real Raid. Simon is a constant and shrewd reader of profit and loss statements. He looks for companies with broad stock ownership, shares undervalued in relation to book values, sluggish management and sickly earnings. If he finds a likely case, he may dispatch aides to probe the situation deeper, use his contacts in Wall Street to find out why things are not better than they are. Eventually Simon may make a visit to the company himself?he took eight trips to West Virginia in the course of buying into Wheeling Steel?but his trips are mainly for general impressions rather...
...prevent secret concentrations of power and to alert stockholders to ma jor changes in ownership, companies now will have to publicize acquisition of 25% or more of another company...
...Heinz Co. was typical in everything but his well-tested name: H. J. (for Henry John) Heinz III. The son, grandson and great-grandson of Heinz presidents, Jack Heinz, 27, may someday run the company-but that future is by no means assured. Widespread public ownership of companies that once were family-owned has ruled out most automatic successions, and the sons of corporate bosses have to work hard and compete with a lot of bright young men if they hope to win their fathers' posts. Fortunately for U.S. business, many sons are showing not only that they...