Word: sharing
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Dates: during 1930-1939
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...Conference on Industrial Problems in Detroit. One of the great U. S. Catholic leaders, Detroit's Archbishop Edward Mooney, warned the conferees that "religious leaders in the present struggle between Americanism and Communism for the control of labor . . . [must] make Christian principles articulate" or "they will have to share their responsibility in the debacle that ensues...
With most of the nations of the world determined to keep the others from knowing what they are up to, nowadays a foreign correspondent's job is tough. One correspondent who has had his share of trouble is Minnesota-born Frank L. Kluckhohn of the New York Times. He was the first to report direct German and Italian aid to General Franco. After several months it became impossible for him to file stories from Rebel Spain. Then the Times sent Kluckhohn to Mexico City...
...magazine named as "stockholders, once removed," students in 42 universities which together own 1% of Monsanto and the 25,000,000 policyholders in 72 insurance companies which together own 3%. Tucked away in a graph was the fact that 81% of the company's shares is owned in blocks of 101 or more shares ($102-to-$104 a share last week...
Immediately above Chesapeake Corp. in the fantastic Van Sweringen pyramid was Alleghany Corp. Robert Young bought control of Alleghany (TIME, May 3, 1937) and proposed merging it with Chesapeake. His idea was that the owners of 667,539 shares of Alleghany preferred-including several potent friends of Guaranty Trust-should surrender their stock and their right to accumulated dividends of $33 per share in exchange for a new type of preferred and common-stock warrants. This plan was thwarted by Guaranty, which held Alleghany's 71% interest in Chesapeake as collateral for Alleghany bonds in technical default...
...Result: he became a Grade-A physical specimen, soon headed his own body-building establishment, General Manpower, Inc. But Orestes ran his racket with a difference: he rented out his customers-as strikebreakers, loggers, steelworkers, etc. These "units" of General Manpower not only drew high wages but owned a share in the business. Worked intensively but never long, they were guaranteed intermediate periods of "reconditioning" at the company's California plant, with hard exercise and easy women...