Word: stockly
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Dates: during 1950-1959
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KOHLER FAMILY FEUD is splitting the bathroom-fixture family. Nephew Walter J. Kohler Jr., onetime (1951-57) Governor of Wisconsin, charges he lost $214,156 when he sold his Kohler Co. stock to company in 1953, says that Kohler Co. gave "untrue statements" about its real value; he is suing for return of money. But Uncle Herbert Kohler, boss of company, says Walter was just an unknowing seller, should have asked the right questions before he sold...
Under the plan, approved by the heirs of A. & P.'s Founder George H. Hartford, who own 81% of the stock, all of the company's outstanding stock will be replaced with a single class of voting common stock. (The other 19% of A. & P. stock is publicly held but has had no voting rights.) All common stockholders will receive a 10-for-1 split on their old shares, and three shares of new common stock will be issued for each preferred share. When the new common stock is traded this week for the first time...
...many of whom wish to diversify their holdings, have begun to ponder about a successor to A. & P.'s President Ralph Burger, 69, hand-picked for his job by the late John Hartford and his brother George (who died in 1957, dissolving a family trust and making the stock exchange possible...
...broke in the Depression, Heineman studied law at Northwestern University ('36), set up practice in Chicago. In 1954, invited in by dissident investors, he won an acrimonious proxy war for control of the little Minneapolis & St. Louis Railway, boosted earnings fast. In 1956, with one-third of its stock in his control, Heineman went after the much bigger but shaky North Western, was invited in by the board as chairman. A few hours after taking over, Heineman left on a six-week, 9,000-mile tour along North Western's tracks. He learned that what was needed...
Beyond Politics. Around the world the name of Boris Pasternak, until recently familiar to few except fellow poets and literary specialists, has assumed a kind of magic. In U.S. book stores, Zhivago, the No. 1 bestseller, is periodically out of stock; U.S. sales to this week: 344,000 copies. The publisher (Pantheon) has a new printing of 430,000 copies scheduled, and the Book-of-the-Month Club is rushing Zhivago to its subscribers as an alternate choice. It has been translated into 17 languages: the book without a country will shortly span the globe. At least some clandestine copies...