Word: whiteley
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Dates: during 1940-1949
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Costello also "laid off" bets with big bookies and kept a finger in real estate. After repeal, with financial backing from William Helis, the "Golden Greek" (who demanded 20,000 cases of choice Scotch for security), Costello and Kastel bought control of Britain's Whiteley Distillery, producers of House of Lords and King's Ransom Scotch. The board of directors agreed to pay Costello ?5,000 ($24,400) a year simply for "frequenting first-class hotels and restaurants and asking to be supplied with the company's brands." But the slot machines were Costello's gold...
When Churchill battled Herbert Morrison over a relatively unimportant issue (whether or not Laborite William Whiteley should be elected to an Assembly vice presidency), the world saw an important spectacle: the political tussles of something very like an international parliament. In the corridor outside the assembly hall, in plain view of all Europe, Churchill grabbed the lapels of Liberal Lord Layton, whom he backed against Whiteley. "If you rat on me now in spite of our 40 years' friendship," hissed Churchill, "I will never speak to you again." Tory delegates patrolled the corridors, lobbying for Layton. Two Danes asked...
...sales have collapsed since the war. But as stockholders wandered into their 32nd Annual Ordinary General Meeting last week, they knew there were other reasons too: 1) an ill-timed ?5,000,000 expansion scheme of eight years ago, 2) a 25% yearly dividend on ?450,000 of William Whiteley Ltd. stock, guaranteed for 15 years when Selfridge took over the fading rival firm...
Upshot of the meeting was the acceptance of a tentative plan of reorganization. Whiteley was to be released from Selfridge control, and Selfridge would be split into two: 1) a new trading company, 2) the old company as a holding unit for allocation and transference of future trading profits. The new company will take on the old company's trading assets and properties securing the old Selfridge debentures. Job of the old company is ostensibly to untangle Selfridge's financial mess. Whiteley stockholders will get new Selfridge redemption stock in lieu of guaranteed dividends due them...