Word: scherman
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Dates: during 1940-1949
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...Town Hall, Contralto Ferrier had no topnotch Glyndebourne production behind her, although she did have a familiar Euridice opposite her: U.S. Soprano Ann Ayars, who had sung the role with her in England and on records.#&134; But Conductor Thomas K. Scherman's Little Orchestra (38 players) and 40 singers from the Westminster Choir got into the graceful spirit of Gluck's music with the overture, and stayed in it to the last gaily triumphant note. It was, however, the dramatically restrained passion of Kathleen Ferrier's singing, in a voice that is even and full through...
...member grand jury was made up mostly of business and professional men. It included one woman (a housewife), four residents of Westchester County, Sculptor Wheeler Williams, and Book-of-the-Month Club President Harry Scherman...
Whenever things got dull along publisher's row, bookmen could always amuse themselves with a guessing game called "How Much Is Harry's Take?" The Harry in question was Harry Scherman, 59, founder and president of the Book-of-the-Month Club. The take which interested bookmen was B.O.M.C.'s profit on the $25 million worth of books it distributed last year (over $13.5 million in actual sales, $10.5 million given away free). Scherman could keep it a secret because he and three members of his family owned almost 94% of B.O.M.C.'s stock (Vice President...
...last week Harry Scherman let the public in on his secret, because he wanted to let the public in on his company by floating B.O.M.C.'s first public stock issue. As set forth in a registration statement filed with SEC, B.O.M.C. has netted an average $750,000 a year since 1940, made $921,775 during the first seven months of 1946. On the basis of these fat earnings B.O.M.C. plans to split its present outstanding 400 shares 2,000 for 1. If SEC approves the registration, B.O.M.C. will sell the public 200,000 of these shares (par value...
...offering price of the stock has not been decided. But on the basis of B.O.M.C.'s excellent earnings, and the well-earned reputation of Harry Scherman as a shrewd bookman, the public will probably be willing to pay a good price. Two-thirds of the cash received will go to B.O.M.C.'s present stockholders (Harry Scherman & wife will sell 121,500 shares), will be taxable as a capital gain up to 25%. The remainder will be added to B.O.M.C.'s working capital. And as a happy ending to this book financing of the month, Harry Scherman & friends...