Word: receivershipped
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...holding companies and 5½% of the operating companies. Particular companies so selected were generally known to the industry as examples of what a public utility holding company should not be. This is best attested by the great number of them now bivouacked in bankruptcy and receivership. In fact, as soon as the Commission heard of any company going into bankruptcy or receivership it hustled its examiner to the scene. The Commission has attempted to create the impression that abuses and unsound business practices of a few . . . well-publicized companies were typical of the industry...
With 11,000 miles of track and the longest stretch of electrification in the U. S., Milwaukee came out of receivership only eight years ago. Its failure in 1925 was the biggest in U. S. history up to that time. Its costly reorganization set new records for fancy fees and drew a scathing dissenting opinion from three U. S. Supreme Court Justices. With Milwaukee's unsavory record fresh in mind, Author John T. Flynn (Graft in Business, Investment Trusts Gone Wrong) caustically observed last week in the New York World-Telegram...
...confusion of receivership, bankruptcy and endless litigation, it was apparent that John Hertz's heroic efforts had made the Paramount hulk worth raising. The studios were unaffected, theatres were open and by the end of 1933, with the help of Mae West's first hit (She Done Him Wrong), the company was making money. Upshot was that a number of people began to take a hand in the salvage operations...
...What happened after that and why, was the subject of a four-week criminal trial concluded last week in Chicago's Federal Courts. There Frank Parish and an associate were on trial for using the mails to defraud in selling Missouri-Kansas stock before the company toppled into receivership in 1932 with losses to investors of $35,000,000. Highlights of the trial...
...deny these charges the defense put Frank Parish on the stand. The blond, blue-eyed, good-humored promoter who has spent the last three years trying to get Missouri-Kansas out of receivership spent three days reinforcing the chief argument of his defense: that Missouri-Kansas had been deliberately scuttled by the predatory attacks of its enemies, chiefly Henry Latham Doherty's Cities Service Co. and Standard Oil of New Jersey, who resented Mr. Parish's invasion of their territories. On Saturday, June 14, 1930 they warned him, said Witness Parish, that if he did not sell...