Word: controller
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Dates: during 1950-1950
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...argument: 1) the government was merely implementing an act already passed; 2) Churchill himself had once been a member of a government which had put through controversial legislation without a popular majority; 3) the satisfactory state of the steel industry was due to an already high degree of government control, particularly price fixing; 4) nationalization was the best means to prevent steel mill owners from slowing down production in an emergency...
...shocked cry went up from the crowd as the leaders roared to the end of a straightaway and into a graveled S curve at a 100-m.p.h. clip. One of the cars just ahead of Goldschmidt, a red Ferrari driven by Veteran Racer Sam Collier,* suddenly spun out of control, whipped halfway through the curve, plunged down a 6-ft. embankment, spun end over end three times. Driver Collier was flung free but died an hour and 20 minutes later of a crushed chest and head injuries...
When a Milwaukee taxicab company once gave each of the city's 27 aldermen an electric blanket for Christmas, most of them gratefully accepted the gift even though the aldermen control taxicab rates. They soon wished they hadn't. Reason: the Milwaukee Journal caught wind of the story, promptly played it on Page One. For Milwaukee, the Journal thought it added up to a major political scandal...
...rarely knows what the paper is saying until he reads it in print. Says Grant: "[The public] can hate us, they can damn us. In fact, by God, I know we're right when both sides damn us. But whatever they say about us, they can't control...
...paper, at least, the control of the Journal is not in Grant's hands, but in those of his fanatically loyal and well-paid employees. Shortly after he bought the paper, he set up a plan through which employees could buy stock. They now own 55% of it,* all that is available under the plan. "If they don't like me," says Grant, "they can fire me." But since most of the employees sign over their voting rights as a matter of course, he slyly adds: "I, of course, control 96, 97, 98% of the proxies...