Word: wettsteins
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...much a question of money; the company increased its quarterly payout from 13? to 14?, or a total of only $46,000 on all outstanding shares. Rather, as Florida Telephone President Max Wettstein told a four-man board at the Cost of Living Council in Washington last week, it was a question of principle-and sound business practice. The company needs uninterrupted dividend growth, he explained, in order to attract new capital for its construction program. Besides, Wettstein pointed out, President Nixon does not have congressional authority to freeze dividends, and the 10 increase cannot legally be rescinded...
...Administration persuaded three other small firms that had posted higher dividends to pare back their next regular payouts. Executives of the firms-Wisconsin's Briggs & Stratton Corp., Illinois' Martin Yale Industries, and Pennsylvania's Selas Corp.-were brought before the COLC at the same time as Wettstein. Paul McCracken, the council's vice chairman, ordered the gathering after the COLC staff saw reports of dividend increases in the press. Arnold Weber, executive director of the council, seated the businessmen around a table at the COLC's Washington headquarters and asked them to lower their next...
Unorphaned President Hainisch of Austria has not yet personally announced that he will run again. Rival candidates in the offing are Professor Dr. Clemens Pirquet, famed children's specialist, and Professor Richard Wettstein, distinguished scientist...
...gift is similar to one of more than a thousand Austrian books and pamphlets sent last year to the Library by Professor R. Wettstein, vice-president of the Austrian Academy of Sciences, through the generosity of Wilhelm Ofenheim, a promoter of science of Vienna. The Austrian gift included books on a wide range of subjects published in Austria during the war, including volumes on history, literature, law, finance, politics, and medicine...