Word: sec
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Dates: during 1960-1969
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...four-man competition, Monti was back in third place on the final day when he laconically informed his crew that he was going for broke. Rocketing with controlled fury down the icy run, Monti gave his crew such a ride that they won the world championship by .21 sec. "All I ask is that my crew sit quiet," says Monti. "They can even close their eyes if they like...
...sheer wall, then dropped surely down to the narrow slotted straight away to pick up precious speed. When the times were computed, Monti had won the National A.A.U. two-man championship. What was more, Monti's best time of 1:12 broke the course record by .6 sec...
When word was let out by the SEC that Romney had sold 10,000 shares of American Motors in January at $90 a share, the stock was caught in a flurry of selling; American Motors lost 9½ points in two days before holding at 69. Romney hastily called a press conference to explain it all. He had not sold the stock, said Romney, for any lack of faith: "I sold it because there is no other way by which I can increase my outright investment in the company's future." Big Money. Between...
CYRUS EATON STOCK DEAL to consolidate Eaton's Portsmouth Corp., an investment company, with Detroit Steel Corp. (No. 15 in U.S.) is being negotiated. If stockholders and SEC approve deal, Eaton, 76 (TIME, Jan. 19, 1959), will become chairman of Detroit Steel...
Notorious Manipulators. What made the whole story incredible was the fact that many of the participants had previous SEC records in stock deals, which should have alerted SEC officials not to accept the stock registration in the first place. Oreclone's prospectus disclosed that two old SEC pen pals were closely related to the company: Sydney Newman, who was to get royalties on all ore concentrate sold by Oreclone, and Robert Rodman, father of the president and of the secretary-treasurer of the company. Both jointly submitted to SEC injunctions in another stock violation case, and both were described...