Search Details

Word: sec (lookup in dictionary) (lookup stats)
Dates: during 1940-1949
Sort By: most recent first (reverse)


Usage:

...last week. There was no particular reason for it except that the company has had trouble aplenty-its affiliate's plants in Shanghai have been seized by the enemy; its earnings have dropped from 1930's $42,000,000 to this year's $6,000,000; SEC threatens to make it part with some of its U.S. operating companies...

Author: /time Magazine | Title: The Battle of Bond & Share | 10/26/1942 | See Source »

...stop me." Paced by the staccato poundings of President Sam Murphy, Okin told how he had bought 9,000 shares of Ebasco stock, was about to lose everything because "the management had tried to sell the company down the river by playing into the hands of the SEC." Up went shouts: "Fight the SEC!" "Save our company!" A peacemaker tried to smooth things over, got so wrought up himself that he threatened to throw Okin out of the room. An aged shareholder yelped that he had paid $4,000 for stock now worth only $12.50. He shook his fist right...

Author: /time Magazine | Title: The Battle of Bond & Share | 10/26/1942 | See Source »

...practical Jimmy Byrnes's right hand-ready to draft his orders, do his leg work, feed him ideas. In the palmy middle years of the New Deal, Ben Cohen and Thomas G. ("The Cork") Corcoran were in there swinging hard for New Deal reforms. They drafted the SEC and Holding Company Acts; they helped map Franklin Roosevelt's Supreme Court fight, helped plot the unsuccessful 1938 political purge...

Author: /time Magazine | Title: U.S. At War: Men Around Byrnes | 10/19/1942 | See Source »

...last week's strength Wall Street had two pat reasons: 1) most utility stocks are undervalued on the basis of assets and earnings; 2) the SEC's recent dissolution orders (under the "Death Sentence" Act of 1935) may eliminate enough corporate red tape and legal flimflam to enhance the value of outstanding preferred shares...

Author: /time Magazine | Title: Surprise in Utilities | 9/14/1942 | See Source »

...dreams. Nobody knows how long it will take to break up the utility holding companies, who will buy the underlying operating companies or how much they will pay. An example of the dream possibilities is Electric Bond & Share (with five associate companies and over 40 subsidiaries) which the SEC wants to break up. But before E.B. & S. can do so, it must collect $27,925,000 due from its affiliate Electric Power & Light (which has nine subsidiaries); and E.P. & L. must collect the money from its subsidiary United Gas (which has seven subsidiaries). And before either of these sub-holding...

Author: /time Magazine | Title: Surprise in Utilities | 9/14/1942 | See Source »

Previous | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | Next