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Last week they had heard their new President (quiet, deft Walter Sherman Gifford) announce with pleasure that 57,000 employes* (with an average of 10 shares each) would share with the 362,179 shareholders of the company in the $107,405,046 net profits of 1925. This amounts to $11.79 a share on the $911,181,400 average stock outstanding, against the $11.31 on the $805,145,900 of 1924. The company's business has been prospering steadily. Gross income in 1925 was $180,458,912 against $154,082,836 the previous year. Dividends at 9% just declared total...

Author: /time Magazine | Title: Business: A. T. & T. | 3/15/1926 | See Source »

...stock holdings in these companies now aggregate $1,027,448,629 ($991,834,103 in 1924). Total assets on the parent company's books show $1,645,565,373 ($1,478,147,221 in 1924). Over this vast system presides a comparatively young man?Walter Sherman Gifford. When he was graduated from Harvard in 1905 he became Assistant Secretary and Treasurer of the Western Electric Co. at Chicago. The Bell System for years has been encouraging alert college graduates to enter its organization. Thorough courses in telephonic practices are at the disposal of everyone. Students advance as their abilities mature...

Author: /time Magazine | Title: Business: A. T. & T. | 3/15/1926 | See Source »

Married. Lowell Sherman, 40, famed villain actor, to Pauline Garon, 22, cinema actress; at Manhattan...

Author: /time Magazine | Title: Milestones: Mar. 1, 1926 | 3/1/1926 | See Source »

...action the "first instance in which the Department of Justice has sought to administer prophylactic treatment under the anti-trust laws," the Department filed suit in the District Court against the new two-billion-dollar Ward Food Products Corp. (TIME, Feb. 8), charging that corporation with violation of the Sherman Anti-Trust Law and of the Clayton Act. Defendants named are: Ward Food Products Corp., Ward Baking Co., General Baking Corp., Continental Baking Corp., United Bakeries Corp., William B. Ward, Howard B. Ward, William Deininger, Paul H. Helms, J. W. Rumbough, B. E. Peterson, George G. Barber, George B. Smith...

Author: /time Magazine | Title: Business: Mergers Opposed | 2/22/1926 | See Source »

...Reckless Lady. Belle Bennett and Lois Moran, who did so admirably in Stella Dallas, have another mother and daughter fable. Most of it is in Monte Carlo. Lowell Sherman, James Kirkwood and Ben Lyon are the males involved. Mother turns virtuous, daughter gets a good husband, and Lowell Sherman is consigned to a watery grave. It is a pretty dull film...

Author: /time Magazine | Title: New Pictures: Feb. 15, 1926 | 2/15/1926 | See Source »

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