Word: tallent
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Dates: during 1960-1969
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Rolls stock, which had been priced as high as $6.44 per share only last November, hit bottom at the news: there were no takers at a penny a share. Rolls stockholders were not the only victims of disaster. Such creditors as Tallent Engineering ($2,400,000), Pressed Steel Co. ($1,200,000), and Hawker Siddeley ($151,000, for a company plane) have virtually no chance of recovering their claims. There was even the question of how housewives would be able to get guaranteed repair service on John Bloom's washing machines. Shocked into action, the London Stock Exchange last...