Word: planned
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Dates: during 1950-1959
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What Shaw also confessed about Heartbreak House was that he wrote it just as it came to him, with no formal plan. He need hardly have said so; along with largeness of conception goes a looseness of treatment, as much sprawl as size. As Shaw's characters explain themselves and react on one another in an evening-long, often brilliant conversation piece, something veers toward tragedy, something else explodes into farce, a philosophic aria gives way to a dialectical trio, fireworks light up the scene, flummery disfigures it. Heartbreak House is quite marvelous in bits and pieces...
...companies have no established value-to working out a novel method of financing freight cars or oil tankers. After being turned down by several banks, a group of utilities that wanted to finance an atomic reactor turned to Morgan; in a few days, the bank set up the plan to do the job. When General Electric asked Morgan Guaranty to buy up the shares of an affiliate abroad, the bank doggedly pursued one widow from city to city all over Europe until she finally sold her shares...
...first jobs was to work out a plan to help the House of Morgan meet the new conditions. Its assets had fallen from $118.6 million in 1929 to $39.2 million in 1940, as steep inheritance and income taxes ate away its strength. To save the firm from faltering, Morgan and Alexander worked out a plan to incorporate the old partnership, make it a public bank. In 1940 the firm changed its name to J. P. Morgan...
VOLKSWAGEN STOCK SALE has been agreed upon by West German federal government and state of Lower Saxony, will end a ten-year ownership dispute. Plan calls for 60% of shares to be sold to the public, 20% to be held by Bonn, 20% by Lower Saxony. To prevent majority control by a single group and to spread ownership as widely as possible, the $25 shares will be rationed five to an investor. To attract lower-income customers, initial sale will be restricted to German citizens making less than $4,000 a year...
...William A. Blount, 61, executive vice president of Liggett & Myers Tobacco Co., Inc., was appointed president succeeding Benjamin F. Few, who is retiring under a mandatory retirement plan. Varsity center on the 1919 University of North Carolina football team, Blount joined Liggett & Myers in 1923, became superintendent of the Durham factory in 1925, a vice president in 1943. ¶ Hugh William Close Jr., 39, son-in-law and assistant to the late Elliott White Springs (TIME, Oct. 26), was elected president of the Springs Cotton Mills (1958 net sales: approximately $165 million). Close joined Springs Mills, Inc. as a sample...