Word: partnered
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Dates: during 1930-1939
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...sustained keynote of Wall Street wickedness. Tucker's stories were masterfully written and made exciting reading. Also in the World Telegram, Pinko Heywood Broun surpassed himself with cynical skits about the House of Morgan and its Friends in high places. Apropos the 1929 letter of Morgan Partner William Ewing by which William H. Woodin, now Secretary of the Treasury, was let in on the ground floor of Alleghany Corp. stock because ''We were thinking of you," Colyumist Broun chortled: "I think that Mr. Woodin ought to go back to his job of composing ballads. ... If the waltz...
Besides Junius Spencer Morgan Jr.∙ eldest son of J. P. made a partner some years ago, three heirs were admitted in 1929-Henry S.,∙ second son of J. P., T. S. Lamont,∙ second son of Thomas W., and Henry P. Davison, son of the late Henry...
They work for no salaries. When they join the firm (or when a partner retires) the assets of the partnership are sold at their market value to the new group. New partners may or not bring in new capital-if they are self-made men such as S. Parker Gilbert they frequently have none to begin with-but they sign the articles of partnership which makes them individually liable for all the debts of the firm and they are assigned a fixed share in all future profits and losses. Last week John W. Davis, eminent counsel of the firm, admitted...
...newshawks, and completely surrounded by as many spectators as could jam into the room. In tribute to the drawing power of the late great Morgan, his namesake was kept on the stand as much as possible though he could give few details. To get an accurate account of transactions Partner Whitney had to bear the brunt of questioning. When the house had been sold out for three successive days, the show moved into the Senate Caucus Room, largest available. Said Senator Glass: "All that is lacking is peanuts and pink lemonade...
Directorships: Q. Of how many corporations are partners directors'? A. 167. Q. Have they used their banking power to force their way in and control industry? A. J. P. Morgan dislikes having his partners serve as directors; they do so only by earnest request of companies who want financial advisers. Q. Do partner-directors force companies to finance with Morgan? A. No. Sometimes such companies finance elsewhere but often finance with Morgan. Q. Do not the interest of the partners as bankers conflict with their duties as directors? A. No. Partners as directors have their chief interest...