Word: trusts
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Dates: during 1960-1969
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...Adolph Ochs have never been installed in the top positions at either paper, although some of them, like Ruth Golden, could have ordered it. Ruth, who was music critic of the paper for ten years, is one of four beneficiaries-all Arthur Hays Sulzberger's children-of the trust that owns both papers...
...average of $375 that Scio Pottery Co. of Scio, Ohio, handed 1,010 workers a fortnight ago. Chicago's prospering Abbott Laboratories, the pharmaceutical makers, paid a record $1,211,000 bonus to 4,000 nonexecutive employees last month-a 29% increase from 1963. Chemical Bank New York Trust Co., the nation's fifth largest commercial bank, is adding a bonus of 10% to each employee's first $5,000 of salary, plus 7% on the next $5,000 and 4% on anything above that...
...million. His salary at Merck is $129,800 a year. He holds 21,000 shares of Merck stock (now $45.50 a share), not counting options, and as of last week he had not decided whether he would keep it (and thereby risk conflict-of-interest criticism), put it in trust or sell it, assuming the Senate confirms his appointment next month...
Like a Fire. Last week, only a few weeks after the pound underwent one of its greatest tests of the century, Britain's cloud seemed to darken perceptibly. Talk swept London's City-and the Continent-about the further lack of trust in Labor, about the possibility of the pound's devaluation, and about a deterioration in the balance of trade. Though not all-perhaps not much-of the gossip was solidly based on fact, it burned as persistently and as contagiously as a fire in a peat...
...Jones industrials, Fidelity Trend rose 27% , and the $744 million Dreyfus Fund, whose symbolic lion gives its sales promotion a distinctive flair, climbed 23% . Among the big funds that emphasize a mixture of growth and in come, United Accumulative Fund rose 17% and Affiliated Fund 16%. Massachusetts Investors Trust, the nation's oldest and second largest ($2.1 billion assets), made a 15% gain. But most funds gained closer to 12%, and some, like the $1.8 billion Wellington Fund (up 9% ), lagged well behind the leaders...