Word: controller
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1930
Sort By: most recent first
(reverse)
...transaction. and although Senator Clarence C. Dill, Democrat, of Washington demanded an inquiry by the Department of Justice, the connection between General Electric, Westinghouse and Radio Corp. has long been obvious. The significance of the deal lay in the growth of the General Electric Westinghouse interest into an actual control, and in the future of Radio Corp. as a producing company, manufacturing the Radiolas now made for it by the electric companies. General Electric and Westinghouse were also to turn over to Radio Corp. their holdings in Radio Corp. subsidiaries. In addition to stirring up anti-trust agitation, the Radio...
...Class A (voting) preferred already total 14.1 of Radio's voting strength, and similar Westinghouse holdings total 6.1% of voting strength. The additional new common will bring General Electric's voting strength up to 32.1% and Westinghouse's to 19.2%, giving the two companies a 51.3% control. (The actual number of common shares held [60%] is misleading as the Class A preferred has ten votes to the common's one.) Radio Corp. is also to issue additional Class B (nonvoting) preferred, which will go to the electric companies to pay for loans made to Radio Corp...
Although there were rumors that the centralization of control would result in the formation of a new super-holding company, there was nothing on the face of the transaction to alter the positions of Radio's Executive Committee Chairman Owen D. Young, or Chairman James G. Harbord or President David Sarnoff. Mr. Sarnoff said that the new arrangement would result in operating economies resulting in cheaper radio sets and tubes and that the stock transfer represented compensation for the patent and manufacturing facilities acquired. Meanwhile Oswald Schuette, executive secretary of the Radio Protective Association (anti-Radio Corp. radiomen) said...
Majestic Household Utilities will manufacture all the parts-used in the refrigerator which will be distributed by Grigsby-Grunow dealers. Although Grigsby-Grunow holds less than one-fourth the stock in the new company, this is sufficient to insure practical control, especially when the personal holdings of the officers are considered. The price of the refrigerator has not been announced but is generally thought to be very low, possibly $100, which is $125 less than GM's cheapest Frigidaire...
...future of dentistry lies in research. In this field, the dental profession, young as it is, is justly proud of its achievements particularly in the war against suffering. The pioneer work of Dr. Horace Wells with nitrous oxide, and Dr. William Morton with ether, both endeavoring to control pain in dental operations, led to the development of surgical anaesthesia...