Word: schenker
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...time being, Mr. Milton last week went to Washington to explain to the Securities & Exchange Commission about the complicated maze of Equity Corp. Before going into the story of each of 44 companies which have been involved in the investment trust's activities, SEC Counsel David Schenker drew from Mr. Rockefeller's son-in-law the story of how he got into Equity Corp. For $41,000 cash and 19,000 shares of an inactive insurance stock, Mr. Milton and Ellery Huntington Jr. eventually acquired control of Equity, which managed companies with assets...
Having spent a fortnight questioning those who might have profited from the $5,000,000,000 evaporation of U. S. investment trust assets between 1929 and 1936, the Securities & Exchange Commission's Inquisitor David Schenker last week turned his attention to a notable loser. Up to the witness stand in Washington's SEC building stepped tall, lank Vice President Charles Franklin ("Boss") Kettermg of General Motors Corp...
Under the agreement the stock was to come from the company's treasury. But did Scientist Kettering know, asked Inquisitor Schenker, that only 30,000 was thus withdrawn, that Messrs, Simonds & Thomas went into the open market to buy the other 10,000, thereby running up the price and improving their waterlogged position; that the stock for which he paid $6.50 per share was sold to them by the company for only $5.95. Inventor Kettering sputtered a shocked: "No!" There were some other things which Mr. Kettering evidently did not know about a venture into which he had sunk...
Those who were responsible for Yosemite's management, revealed Inquisitor Schenker, had sold out in 1932 to Equity Corp., which the same year clever Wallace Groves had begun to piece together mainly from broken-down trusts (TIME, Aug. 10). For his 40,000 shares of Yosemite Inventor Kettering received in exchange 20,000 shares of Equity, which he later disposed of for $1 a share...
...companies for the Federal Trade Commission. His first lieutenant is Paul P. Gourrich, a demon statistician who used to work for Kuhn, Loeb & Co. If his German accent were not so pronounced, Paul Gourrich might have been Commissioner Healy's inquisitor. Asking the questions last week was David Schenker, a bright young SEC lawyer who learned about investigations on the staff of Ferdinand Pecora in 1933. But always at Inquisitor Schenker's right last week, priming him with questions, prodding him on with an elbow in his ribs, was intense, guttural Paul Gourrich...