Word: toed
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Dates: during 1920-1929
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The next year one Owen Crosby Philipps, a 6-foot-7 man of 40, became chairman of the company, which then operated 190,000 tons of shipping. Today Owen Philipps is Lord Kylsant, "Lord of the Seven Seas," a director of over 40 companies and organizations. With a single-handedness...
That such a tremendous company should again face depression indicated to British financiers that the "Lord of the Seven Seas" had placed his K upon some orders that were unwise. Especially did this seem plausible in view of the belief that Lord Kylsant is paid not a salary nor a...
That all was not well in Royal Mail was indicated when early this year the common stock began a decline that carried it from a high of 76 (shillings) to 55. Then, while the stock dropped abruptly to 44, Lord Kylsant's brother. Viscount St. Davids, publicly accused him of...
Last week, upon announcement of the dividend omission the stock tumbled from a resting place at 33 to a new low of 27 while the preference stocks concluded a drop that carried them from 81 to 37.
As an explanation Lord Kylsant said that "public attacks" had hurt the company although its earnings for this year would be as large as during 1928. Yet canny Londoners, awaiting the auditor's report, were inclined to believe Viscount St. Davids' attack upon his brother had been more than a...