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...Winchell, who may have heard Wall Street gossip that the Securities & Exchange Commission was looking into the tips on N.P. & L., carefully denied that he had intended to tip anyone. In fact, he said, he had gotten his dope out of a broker's letter reporting that Walter Mack, onetime boss of Pepsi-Cola, "was trying to buy control of N.P. & L. to be used as distributor for a new soft drink firm...

Author: /time Magazine | Title: WALL STREET: The Big Tip | 6/11/1951 | See Source »

Next day Walter Mack made everything clear. He announced that Phoenix Industries Corp., a Manhattan capital venture company of which he is now president and a substantial stockholder, had bought 90% control of Nedick's, Inc., which has a chain of 96 hot dog and orange drink stands, a gross of $10 million a year. Cost: $3,700,000. Mack also wanted to buy the controlling interest in National Power & Light, held by Electric Bond & Share, for roughly $1,000,000. He wanted to turn Nedick's management over to N.P. & L. and change the name to National...

Author: /time Magazine | Title: WALL STREET: The Big Tip | 6/11/1951 | See Source »

Died. Edward Trowbridge ("Eddie") Collins, 63, star of the Philadelphia Athletics' "hundred-thousand-dollar infield" (1906-14), described by Connie Mack as "the greatest second baseman who ever lived"; of heart disease; in Boston. Among his records: a lifetime batting average of .333; the longest stint as a player (25 years; 3,313 hits in 2,826 games); highest number of stolen bases in a game (6); greatest number of years leading the American League in fielding...

Author: /time Magazine | Title: Milestones, Apr. 2, 1951 | 4/2/1951 | See Source »

...West Palm Beach driving range photographers paused to take some action pictures of lean, wiry old Connie (Cornelius McGillicuddy) Mack. At 88, still limber as a pitcher's glove and lean-flanked as a rookie outfielder, "Mr. Mack" had decided to improve his golf game. With a little coaching, he was already smashing out 175-yard drives, had plenty of time, having closed out a half century as manager of his Philadelphia Athletics (Connie Mack, president) to learn the finer points of the short pitch and the downhill putt...

Author: /time Magazine | Title: People: Brickbats & Bouquets | 3/12/1951 | See Source »

When asked how he put Mack Trucks back on its feet, Bransome calls in his five top men, points to them and says: "There's your answer." He adds: "We're not supermen doing a superman's job, you know. We just apply common sense...

Author: /time Magazine | Title: Business: Comeback for Mack | 2/19/1951 | See Source »

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