Word: sec
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Dates: during 1950-1959
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During the proxy war he pulled many another blooper. In a radio broadcast he charged that President Seiberling had once been booted out of the company by his father, that there had been family shenanigans in a transfer of Seiberling stock. On both counts Lamb was wrong, and SEC forced him to make retractions. To play up his skill as a manager, Lamb bragged that first-quarter earnings for his Air-Way Industries hit 31? per share, but again SEC stepped in, forced him to admit publicly that the figures were before taxes and had not been audited...
...Securities and Exchange Commission began looking into Tellier's promotion of Consolidated and other penny stocks, but its investigation did not get off the ground until January 1955-long after most of his big issues were sold out. After SEC's finding got through departmental red tape and into the Justice Department, Tellier was indicted last December for defrauding 1,400 people of $900,000 in the bankrupt Alaska Telephone Corp. Last week Tellier was indicted again for fraud: a federal grand jury in Brooklyn charged him with manipulating stock prices and with swindling Consolidated shareholders...
...blocks away. Mayor John B. Hynes clapped the laurel wreath on his head and adoring Finnish-Americans enshrouded him in a blanket. Unsure of Viskari's English, an admirer shouted: "Record! Record! Understand?" Viskari grinned as well as he could. His time: 2 hr. 14 min. 14 sec., fastest marathon ever run. Kelley, 125 yards back at the finish, crossed 19 seconds later, also breaking the old record...
...Champion Miler John Landy figured to run his favorite distance in no better than 4:04. But as he breezed past the three-quarter-mile mark he heard his time announced as 3 min. flat. He decided to turn it on, finished the final quarter in a blazing 58.6 sec. to break the 4-min. barrier for the fourth time in five races. The 3:58.6 time is 0.6 sec. off Landy's world record...
...California aircraft worker with a great desire to set a world record, achieved his heart's desire by tanking up on pure oxygen for two minutes, dropping to the bottom of a heated San Diego swimming pool and holding his breath for 8 min. 3½ sec. to crack the record set by France's M. Pauliquen in 1917 (6 min. 29⅜ sec...