Word: pyramid
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...held minor or manual jobs. The rest were in business (53%), became doctors, lawyers or dentists (16%), teachers (16%), clergymen (4%), artists or scientists (1% each). The doctors were the biggest earners: over half making more than $7,500 a year. The graduates at the bottom of the economic pyramid: teachers and preachers (median income...
...Broadwater and Wolfson saw their big chance to parlay their stakes. North American Co., the famed holding company pyramid built by Harrison Williams (TIME, Jan. 21), was under court order to sell its 45.6% controlling interest in Capital Transit, which runs all the streetcars and buses in Washington, D.C. The stock, which had paid only a 50? dividend in 1948, was selling for less than $20 a share. Broadwater & friends bought all 109,458 shares owned by North American at $20 apiece, with Wolfson putting up almost half of the $2,189,160 required. Broadwater and seven others raised...
...impressionist friends, left him cool. "I know nothing except color," he explained, and added: "Light is but one tone of a place; shadow is another." Mainly through color, Cézanne recreated the deep sunny space of L'Estaque, a canvas which combines the repose of a pyramid with the lightness of air. Through color he made Madame Cézanne look fixed and solid as a newel post (she was a patient poser but a flighty creature, seldom home), and made the ineptly drawn Bathers a warm evocation of leisurely summer bliss...
...Manhattan, multiplied them in the tire business, then got in on the ground floor of the great electric power boom. By 1924, with a total investment of $2,072,000, he had won 96% control of the great Central States Electric Corp. combine, and with it reared a pyramid of utilities topped by his fabulous North American holding company. The great expansion of the nation and the big bull market boomed his companies. Between 1924 and 1929, Central States stock was split 60-fold. Although North American's earnings had risen only from $3.86 a share...
...market crash set Williams' pyramid toppling. The New Deal's SEC, using the "death sentence" of the holding company act of 1935, began dispersing his empire. North. American was forced to sell most of it's utilities (e.g., Pacific Gas & Electric, Cleveland Electric Illuminating, Illinois Power), and Central States went into reorganization. But Harrison Williams, now 78, is still boss of North American, which has $110 million in assets, and is still a multimillionaire...