Word: controller
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Dates: during 1930-1930
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...Gandhi gave us a scare," Lord Lloyd has confessed. "His was the most colossal experiment in world history, and it came within an inch of succeeding. But he couldn't control men's passions. They became violent, and he called off his program. You know the rest. We put him in jail...
Corrigan-McKinney. One of the finest U. S. steel plants is that of the $65,000,000 Corrigan-McKinney Steel Co. of Cleveland. Last week Cleveland Cliffs Iron Co., allied with the Eaton-Otis-Mather interests, bought Corrigan-McKinney control from four women relatives of former officials.* An eventual merger with Republic Steel is generally expected. Previous to the deal's announcement, both U. S. Steel and Bethlehem were supposed to be after Corrigan-McKinney, thereby leading to the conclusion last week that the purchase was a strategic move in the Eaton v. Bethlehem contest...
...nine foreign countries does International Telephone & Telegraph Corp. operate telephone systems.* Last week it added a tenth country to its list by buying control of Constantinople Telephone Co., once the Anglo-French Societe Anonyme Ottomane des Telephones de Constantinople, and long, for no apparent reason, a favorite of I. T. & T.'s shrewd president. Col. Sosthenes Behn. I. T. & T.'s next international move will be established next month by radio telephone communication between the U. S. and Argentina...
...spent fabulous sums in entertainment. During this time the steel firm was Corrigan-McKinney, a partnership in which McKinney exercised trusteeship over Founder Corrigan's estate. In 1925 he used this power to transform the partnership into a corporation, the McKinney Steel Co. Corrigan returned from London, bought control, gave the company its present title. When he died last year, his wife received his interest, but it was deposited with the Union Trust Co., Cleveland, as voting trustee. With power to sell it, but not vote, she returned to London, continued spending. Last week she was in Cleveland...
Loft-Loft. Loft, Inc., the candy company which last year rid itself of its Loft family founders, last week found itself with a double directorate and two factions fighting for control. Official records are in the hands of a group headed by Alfred R. Miller, of A. R. Miller & Co., investment securities house, who has been Loft president since the Lofts left. Meanwhile Charles G. Guth, onetime head of Mavis Candies, Inc. (bought by Loft in April 1929 for $1,000,000), has been elected Loft president by another stockholding group which is demanding access to the records. The Delaware...