Word: controller
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Dates: during 1920-1929
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...Committee report came up before the resolution. There were bitter controversies over the question whether Andrew W. Mellon and his brother R. B. Mellon control the Aluminum...
...Some day intolerance will be swept aside but not until our teachers unionize, not until they seize the control and the man who teaches us is the master of what he says...
When asked how the decision would affect the campaign Professor W. Z. Ripley has been waging for better conditions of corporate control, Professor Cunningham said, "This decision of the Interstate Commerce Commission is in direct accord with Professor Ripley's contentions. It is obvious that if only ten percent of a large issue of stock carries voting rights, a group of small minority holders can gain control of the whole thing, since all they need is 51 percent of ten percent. It was against this feature of the merger, as much as any other that the unfavorable decision was aimed...
...preached but rarely practiced,--that there are good trusts as well as bad ones. The Commission has expressed its approval of the aim of the Van Sweringon merger, its objections have been of a purely economic nature. It has condemned the provisions that allow the Van Sweringon brothers to control 51 percent of the voting power while owning but 32 percent of the outstanding stock...
...Professor Ripley pointed out in his recent criticism of modern corporate organization, it is bad business to sequester the control of a corporation, and, in this case, a public service corporation, in the hands of a small group of un-responsible if not irresponsible directors. When this objectionable feature has been removed, provided the promoters are willing to comply with the new economic spirit, then the Commission will be able to tuck the huge consolidation away among the "good trusts" and hid it a successful career...