Word: ponts
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...Pont...
...Pont Show of the Month (CBS, 8:30-10 p.m.).* A live TV adaptation of Graham Greene's The Fallen Idol, in which a seven-year-old English boy (Jacques Hirschler) faces the destruction of his private world when he discovers that his male baby sitter (Jack Hawkins) is having a clandestine affair with a well-endowed "niece." With Jessica Tandy...
Prescriptions & Precedents. The judge's own prescription is much easier to swallow. Voting rights for some 43 million shares of G.M. stock held by the Du Pont company would pass to Du Pont shareholders on a pro rata basis (about 1⅓G.M. votes for each share of Du Pont held). Another 20 million shares would be "sterilized," i.e., not voted at all. These are the shares held by the officers and directors of Du Pont and the two other Du Pont family-controlled companies: Delaware Realty & Investment Co., which controls Christiana Securities Co., which in turn controls...
Many anxious stockholders could breathe easier and so could many businessmen. They had feared that the Supreme Court's ruling in the Du Pont case would be used as a precedent to force companies, big and little, to shuck off blocks of stock in customer firms. But if LaBuy's ruling stands, it could set a precedent of. its own: companies held in similar violation of the Clayton Act need only transfer their voting rights. Deeply disappointed, Department of Justice lawyers may appeal. They well recall that the Supreme Court has reversed LaBuy once before on the case...
...Among G.M.'s 33 directors, five are also directors of Du Pont: Du Pont Chairman Walter S. Carpenter Jr., Du Pont Vice President Lammot du Pont Copeland, Du Pont Vice President Henry B. du Pont, Emile F. du Pont and Donaldson Brown...