Word: panning
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Dates: during 1940-1949
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When a division in action loses a pan or parts (a technical sergeant, a second lieutenant, a platoon, a whole company), the replacement is promptly supplied-how promptly was revealed by the entries in a captured German officer's diary. Having battered a U.S. division to pieces, the Germans laid plans for a knockout in the morning. But by morning the astounded Germans discovered that they were faced again with a U.S. division fighting at full strength...
...From Tin Pan Alley to Broadway was an easy right turn and ft om there Rose went on to operating all over the map: in Manhattan with a succession of nightclubs (Casino de Paree, Casa Mañana, the still flourishing Diamond Horseshoe), at the Centennial Fair in Fort Worth (at a wage of $1,000 a day, at San Francisco's, Cleveland's and bushing's fairs. The Aquacade alone netted him $2,000,000 after taxes...
Juan Trippe's high-flying Pan American Airways last week charted a new course in high finance. Juan Trippe wanted at least $25,000,000 in the next six months to spend on new super-airliners for postwar flying. He was willing to issue more of Pan Am's common stock to raise the money. But he did not want to pay the underwriter's fee for selling the stock, roughly $1,000,000 on a $25,000,000 issue. So he sat down with his old friend, Floyd B. Odium, boss of risk-taking Atlas Corp...
Under the deal, Pan Am expects to split its 1,993,261 shares of common stock, two shares for one. Then, before June, it plans to offer stockholders the right to buy one share of stock near the market price for each two shares held, give them a warrant (option) to buy another share any time before...
...part, Odium will underwrite the sale of $25,000,000 worth of the new stock-i.e., Atlas will buy any stock, up to this sum, which Pan Am's stockholders do not. In return, Atlas gets an option at $18 on 500,000 shares, hopes the market price of Pan Am stock will rise before the end of December 1947. But Trippe, jealous of his tight control of Pan Am, has shrewdly specified that Atlas can hold permanently only 200,000 shares, must resell the rest. In all. Pan Am expects to need $100,000,000. But Trippe...