Word: sec
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Dates: during 1940-1949
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...charges of income tax evasion (but forced to settle a Government lien for $1,384,222, taxes and penalties), who is now board chairman of Blyth & Co., Inc. It had also heard Morgan Partner George Whitney, Detroiter Emmett Francis ("Spike") Connely, president of Investment Bankers Association. Young (31), brash SEC Counsel Pete Nehemkis pitched them questions to which they gave defensive answers...
Last week, as Pete Nehemkis tried (unsuccessfully) to get Mr. Stanley to admit that his firm, managing underwriter for A. T. & T., had parceled out its financing ($580,000,000 since 1935) to a select and fixed group, SEC's quizzer carefully avoided reference to competitive bidding. A question by TNEC Chairman O'Mahoney gave Harold Stanley the opening he was waiting for. With the air of a man starting a lecture, Mr. Stanley sounded off: ". . . The question of competitive bidding is a subject which I would like to go into and talk about at length...