Word: stocked
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Dates: during 1960-1969
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...sheer size of foundations-their collective wealth and power as investors in the stock markets and their influence on U.S. society-has begun to stir criticism and concern in some quarters. When looked at in the widest context, this point of view seems unwarranted. Foundation wealth represents the tiniest fraction of all private wealth in this country, which is estimated at $2.15 trillion. Foundation grants account for only 8% of total U.S. philanthropy, 80% of which comes from the individual giver, in a gamut of generosity that embraces large and small offerings to hospitals, churches, the Community Chest and even...
...wholesaler of paper, twine and groceries in the small towns of Ansonia and Shelton. It was not a wealthy family, and Sam worked at odd jobs to save money for college-only to discover that his father, in hopes of doubling the investment, had lost it all on a stock-market fling...
...near Sacramento, runs a West Indian oil refinery with Standard of Indiana, holds large oil exploration rights with Sinclair in Java and along the Red Sea. Such far-flung operations have made Davies many times a millionaire; his Natomas shares alone were worth $17.9 million on the New York Stock Exchange at week...
...firms into a $2.5 billion telecommunications colossus, the decision was largely a matter of money. Announced in December 1965, the merger has been held up by Justice Department antitrust litigation after being twice approved by the Federal Communications Commission. During the delay, a sharp increase in ITT's stock sent its purchase price for ABC soaring...
With ITT common shares selling for about $68 at the time, Geneen's original stock offer was worth some $365 million. At last week's closing of $113, the total would have been about $605 million. To guard against just that sort of altered circumstances, ITT and ABC had specified that either side could withdraw if the merger was still hanging fire by the end of 1967. On New Year's morning, Geneen accordingly summoned his board, 45 minutes later informed ABC that the deal...