Word: spike
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Dates: during 1940-1949
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Into their handsome board room on the 26th floor of Manhattan's spike-topped Chrysler Building last week strode 15 grave directors of $661,067,033 Texas Corp. Eleven of them were there to debate the fate of their $100,000-a-year chairman - hardheaded Torkild Rieber, Norwegian-born onetime tanker master. Three, officers of the company, had come to listen. In the witness chair was Oilman Rieber. Out side, in the anteroom, were war and Adolf Hitler...
...cooling period that must by law elapse between the registration and sale of any new security. During the 20 days, underwriters and dealers chew their nails, hark nervously for stop orders, sometimes watch a good market turn into a bad one (leaving them holding the bag). When Emmett ("Spike") Connely became president of the Investment Bankers Association last year and declared open war on the Securities Acts, the 20-day clause was his first objective...
...consolidate over 20 Atlantic seaboard trucking firms (employes 30,000; total '39 gross, $40,000.000) into one $25.000,000 firm. The deal: Transport Co. to buy the truckers for about 75% cash, balance in common & preferred stock of the new company. ∧ Be-goggled Detroiter Emmett Francis ("Spike") Connely, head of First of Michigan Corp., became first paid president of conservative Investment Bankers Association. Rumored maximum salary: $40,000 a year. He authored and will promote I. B. A.'s new publicity program, tell the public that New Deal business regulation is hurting business, not helping...
Last year Paramount Pictures threw a big costume party in Omaha, Neb. to give its Union Pacific a rousing sendoff. Exuberant citizens had so much fun they decided to have another Golden Spike...
...Omaha convention, which coincides neatly with the Union Pacific's Golden Spike celebration, Gracie will travel over the U. P. lines in W. Averell Harriman's private car, will have a torchlight parade of 25,000 whiskerinos...