Word: christiana
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...Leisure World development in Laguna Hills, Calif., to participate in a lottery. Those whose names were drawn from a barrel had the privilege of paying up to $128,000 for one of the development's 132 new houses. In Huntington Harbor, a marina complex south of Los Angeles, Christiana Co. recently offered 52 houses, ranging in price from $104,000 to $195,000. In all, 111 people showed up, and the firm also had to resort to a lottery...
...struggle that finally ended in 1965 with Du Pont losing the antitrust action but disposing of the stock on favorable terms. Lately Shapiro has been the company's key negotiator in Securities and Exchange Commission hearings on Du Font's plan to merge with and dissolve Christiana Securities, the Du Pont family holding company-a move that would further reduce family influence...
When Ralph Nader released The Company State (1971), a report attacking Du Pont influence in Delaware, the papers gave the document heavy play. More recently, Reporter David Warsh, 28, was sent to Washington to cover Securities and Exchange Commission hearings on the proposed merger between Du Pont and Christiana Securities, the holding company through which the family owns the papers. Warsh's coverage was so acerbic that, as one Du Pont man bitterly put it, the reporter became an instant "folk hero...
...reach are beyond dispute. The company employs 13% of the Delaware work force; its $288 million payroll in Delaware is bigger than the state budget. The family controls two of the state's four largest banks. Irenée Jr., for example, is president of the family-controlled Christiana Securities holding company, a director of the Wilmington Trust Co., the News-Journal Co., Delmarva Power & Light and chairman of the Greater Wilmington Development Council. The state's sole U.S. Representative is Pierre S. du Pont IV, a freshman Republican. Governor Russell Peterson is a former Du Pont executive...
...PRESS. Through Christiana Securities, the family owns 100% of the stock in the company that publishes the state's two largest and most influential newspapers, the Wilmington Morning News and Evening Journal. Creed Black, editor from 1960 to 1964, quit when a Du Pont public relations man was put in above him; the owners, said Black, obviously wanted "house organs instead of newspapers." But now, insists Irenée Jr., the editors "call the shots the way they see them." He says that if the papers were sold to two separate owners, as the report recommends, they would probably...