Word: planned
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Dates: during 1950-1959
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...economies that would result from such a plan would not be sufficient to warrant it," Tucker said. He responded to the Dining Halls committee's investigation following last Spring's undergraduate poll...
McNichols fought Brown's endorsement plan at heated, late-at-night hotel suite talks, again at Brown's breakfast. The West, McNichols argued, should form a solid Democratic front on regional issues such as reclamation, but not on a candidate. When Brown saw that his bloc would not be a bloc, he backed down, retreated to the position that agreement on issues was all he had wanted anyhow, thereby escaped the public stigma of failure in his effort for endorsement...
...decision closely paralleled the plan proposed by Du Pont itself after the U.S. Supreme Court had ordered the separation under the trustbusting Clayton Act (TIME, June 17, 1957) and sent the case back to Judge LaBuy to decide the details. He firmly rejected the Justice Department's demands that Du Pont distribute two-thirds of its G.M. holdings to its shareholders, sell the other one-third on the open market over a period of ten years. Such a plan, said the court, would have a "serious impact on the market value of the stock of General Motors...
Harsh & Punitive. It was clear to LaBuy that the Government's plan would depress Du Pont stock by eliminating the huge dividends that the company is paid by G.M. (1958 total: $116 million). By forcing Du Pont to sell 2,000,000 G.M. shares yearly, it would also flood the market with G.M. stock, depress the price of G.M. More important to LaBuy was a ruling by the Internal Revenue Service that any G.M. shares spun off to Du Pont stockholders would be taxed at the full market value as ordinary income...
...given great weight. The type of evidence introduced by the Government, consisting of the testimony of economists without practical experience or management responsibility, cannot overcome the weight of such testimony." Then, borrowing almost the same words used earlier by Du Pont attorneys, Judge LaBuy knocked down the Government plan as "unnecessarily harsh and punitive...