Word: ownerships
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Dates: during 1950-1959
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...since 1950, publicly reported Volkswagen earnings; but they soared from an estimated $2,500,000 before taxes in 1948 to $7,500,000 in 1949, and $12,500,000 in 1953 (on sales of $100 million). Volkswagen, however, has no stockholders to reap a reward: the company's ownership (it is now in government custody) is a mystery still to be solved by the courts...
Employees into Owners. For Grant, his crowning achievement is employee-ownership. The death of iute Nieman, who owned 55% of Journal stock, and that of his wife four months later, rocked the Journal. Mrs. Nieman's estate 1) set up a $1,400,000 fund for Nieman Fellowhips, which, for the past 16 years, has ent 193 newsmen to Harvard for a year's tudy; 2) gave the rest of her interest in he paper to Harvard to dispose of to the ;roup "most likely to carry out the ideals" of the Journal. Grant persuaded Harvard...
...biggest art deals in recent years is in the making. It involves the transfer of the enormous Gilcrease collection of Americana (TIME, June 27, 1949) from the Thomas Gilcrease Foundation at Tulsa to public ownership and a new museum in Claremore, Okla...
ALIEN property custodians may soon be able to sell their controlling interest in the $138 million General Aniline & Film Corp., seized as Nazi property during the war. A five-year lawsuit brought by Interhandel, a Swiss holding company that claims ownership of most of the stock now held by the U.S. Government, has just been thrown out of court for lack of proof of its basic proposition: that all connection with Germany was broken before the war. Interhandel will appeal, but Congress will be asked to pass a special bill letting the Government sell the property anyway...
Boss of Long Island's rock-ribbed Republican Nassau County (pop. 672,765), is J. Russel Sprague, old friend and crafty political lieutenant of New York's Governor Thomas E. Dewey. Last week Sprague, under fire for his ownership of $500.000 worth of stock (which cost him, in effect, $24,000) in the scandal-ridden Yonkers Raceway, resigned as New York's Republican national committeeman...