Word: stockly
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Dates: during 1950-1959
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...Amateurs. The fuse to last week's explosion had been smoldering since 1954, when West Coast Industrialist Norton Simon (Hunt Foods, Ohio Match Co.) began to acquire a controlling 35% interest in the widely held McCall stock. He reorganized the board in his favor, and last year startled Madison Avenue by bringing in Langlie as president. Puritanical, parsimonious Lawyer Langlie was a three-time (1941-45, 1949-57) Republican governor of Washington (TIME, Sept. 3, 1956), but a publishing amateur...
...refused to give up. He filed a twelve-page criminal charge against the inspector (whose name Witte has never been able to learn). And he devised a scheme of revenge. Witte gave up all of his outside income-his tutoring, his wife's housework, his few shares of stock in Royal Dutch Shell. Last week all that he earned was his salary. "Mistakes," proclaimed Witte triumphantly, "are thus impossible. As assistant bookkeeper, I figure out the wage tax myself." No generous tax collector will punish him again...
...infant.) Raised in the hamlet of Rusk, Florence began by sweeping out the local bank for $15 monthly, at 24 became president of another tiny bank in nearby Alto and later the town's mayor. When a customer asked him to handle a $40,000 purchase of stock in Dallas' Guaranty Bank & Trust Co., Florence got Guaranty to deposit the money in his Alto bank (total capital: $25,000). This enterprise got Florence a job at Guaranty, which became Republic National in 1922 and made Florence president in 1929. When he joined the bank its capital and surplus...
...Mary Gindhart Roebling, 52, was elected as a public governor of the American Stock Exchange, the first woman to reach a major exchange's top policymaking board. Widow of Siegfried Roebling (grandson of the Brooklyn Bridge builder), Mary Roebling took over her husband's job as director of the Trenton Trust Co. in 1936, became president a year later, is now both president and chairman. In her reign, the bank's assets have swelled from $17 million to more than $90 million...
...Coop has chosen. To sell cheap liquor, a co-operative society apparently must put its own label on the goods. The repugnance of being served a hooker of Old Co-operative Rotgut is matched only by the nausea which would be a certain aftermath. Even supposing the Coop could stock a line of palatable intoxicants, one would still object to unfamiliar and untried brands. In opening a Budweiser, one knows what he is getting into. But who dares guess what would go into a Pale Bundy...