Word: stewardship
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Dates: during 1930-1939
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Accounting for his stewardship of the No. 1 U. S. bank, Chairman Winthrop Aldrich of Chase National pointed out that while 1936 earnings of $17,264,000 showed an increase over the $15,340,000 reported for 1935, a substantial part was derived from stock in the cinema industry. Mr. Aldrich was referring principally to those two heritages from the Wiggin regime, Fox Film and General Theatres Equipment. "Obviously," said conservative Banker Aldrich, "holdings of this kind can not be regarded as normal earning assets for a commercial bank and the income de rived from them, therefore...
...liberal progress is a definite part. Thus sections of the S. E. C. Act should be rendered more intelligible, but not discarded in toto. The principle of collective bargaining must receive fuller recognition and better mediation machinery found for industrial disputes. The social security program, and particularly the fiscal stewardship of the government, must be revamped. In these things, as in relief and public works, definite, workable plans must be substituted for general charges. Similarly, the Republicans must make specific their programs for peace, neutrality, and the limitation of war profits, make definite their retreat from the Smoot-Hawley Tariff...
...unfortunate driver of the other car, young Ferreira, been summarily and unjustly deprived of his license but the full weight of bureaucratic persecution has been levelled at his head, despite the impartial and credible testimony of twelve witnesses. Such is justice in the Commonwealth of Massachusetts under the stewardship of James M. Curley...
...that year inherited the estate of his mother, whose taxes ranked eighth, has since nursed both legacies dutifully. Determined to make philanthropy a life work, he installed himself in a homelike office on Manhattan's Madison Avenue. There a modest staff of five secretaries, nine clerks, under the stewardship of precise Malcolm Pratt Aldrich, Mr. Harkness' lawyer and Yale's 1922 football captain, suffice for the job of managing and distributing one of the nation's great fortunes. After routine begging letters have been weeded out, Mr. Harkness reads all his mail, has it shipped around...
Once each year, in theory, the legal owners of a corporation assemble for an accounting of the stewardship of their property. In practice the annual stockholders' meeting is largely a matter of form. Only with the greatest difficulty can stockholders be persuaded to sign enough proxies for a quorum, let alone attend in person. The few stockholders who do attend can do little except talk, since the majority of the shares are generally voted, not by disinterested stockholder representatives, but by a management primarily interested in staying in office. Almost nothing short of scandal ever bestirs the absentee owners...