Word: sec
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Morgenthaus to their farm at Fishkill, N. Y.; the Woodrings to Cape Cod; the Cummingses to California; Mr. Farley & children en route to Alaska (sec p. 13); the Wallaces to Colorado; the Ropers and Madam Perkins in England...
...Manhattan's Yale Club, studied steadily at the New School for Social Research. When the reform group gained control of the reorganized Exchange this spring. Bill Martin was elected chairman of the board of governors (TIME, May 23). He immediately won a friendly press, made a hit with SEC Chairman William O. Douglas. After considering some 200 "big names," the board of governors came to the conclusion that it could find no better symbol of a new stockmarket era than young Bill Martin. At their pleasure, he will hold the job indefinitely. Salary: $48,000 a year...
...Drexel interests in 1929, it marked the return of J. P. Morgan & Co. from pure banking to promotional activities. Because United Corp. does not attempt to influence the operating policies of its affiliated power companies, it is a favorite of utility operating men. But this makes no difference to SEC. For, though power companies require heavy capitalizations that make financiers their logical bosses, SEC believes that systems of operating companies pyramided to a peak in Wall Street offer too many chances for overcapitalization at the expense of stockholder and consumer. This was the basis of the Public Utility...
While Electric Bond & Share took the fight to the Supreme Court, only to lose the first round last spring (TIME, April 4), United Corp. tried to persuade SEC to let it reorganize as an investment trust. SEC turned down no less than seven such proposals (TIME, Feb. 7), and after the Supreme Court's decision, United had to register with SEC after...
...agreed, the way would then be cleared for sale of enough of United's holdings to reduce its control of any affiliate to less than 10%.* This would automatically change it by the terms of the Public Utility Act from a holding company to an investment trust and SEC no longer could rule its investment policy...