Stock options and executive drive debated at SEC hearing
Middle South Utilities seeks SEC permission to issue stock options to officers arguing they attract top executives and boost effort. SEC staff counter argues the practice may violate the Public Utility Holding Company Act and may not be financially prudent. Westinghouse chief Gwilym Price and State Street’s George Bennett testify to motivational effects, while critics cite uneven stock gains versus earnings.
MENTIONED IN THIS ARTICLE
J. A. Livingston
Middle South Utilities, Inc
Arkansas Power & Light
Louisiana Power & Light
Mississippi Power & Light
New Orleans Public Service
Securities and Exchange Commission
SEC
Middle South
Public Utility Holding Co
Gwilym A. Price
Westinghouse Electric Corp
Westinghouse
Westinghouse Electric
George F. Bennett
State Street Investment Corp
Harvard
Bennett
Economy Label To Be Applied To More Autos
Detroit AP reports 1961 model cars will be marketed with economy labels as major manufacturers push compact designs like the Corvair Falcon and Valiant. Market research indicates buyers value operating economy over initial price, with surveys showing strong interest in fuel efficiency.
MENTIONED IN THIS ARTICLE
Ben Phlegar
Detroit
George Romney
Falcon
Oldsmobile
Chrysler Corp
Ford
Rambler
Studebaker
Two Middletown realty men join board of directors
Tom Morningstar and Jack Falkner, both officers of the Middletown Real Estate Board salesmen division, have been elected as directors of the parent organization alongside broker members. Morningstar, Morningstar, is sales manager for B F Sayer Sons Inc and a six year realty veteran. Falkner, sales manager for the Joe Lewis firm, has four years in real estate and is an Ohio University graduate.
MENTIONED IN THIS ARTICLE
Middletown Real Estate Board
Realty Group
Tom Baird Jr
Realty Board
Tom Morningstar
Jack Falkner
Mudedown Real Estate Board
Realtor
Ohio
Morningstar
Falkner
Morningstor
B. F. Sasyer & Son, Inc
Hde
One State University
Joe Lewis
Ohio University
Metzger Couple Earn Five Year A W Root Beer Award
Mr and Mrs Kenneth Metzger owners of A W drive ins at 2009 S Main St and 2600 Germantown Rd receive a five year service award from A W Root Beer Co of Santa Monica California. TOM ROGERS becomes sales manager for a new molded packaging territory of Diamond National Corp headquartered in Cincinnati serving western Pennsylvania to Indiana.
MENTIONED IN THIS ARTICLE
Kenneth Metzger
S. Main St
Germantown Rd
A & W Root Beer Co
Santa Monica
Calif
Tom Rogers
Joplin
Diamond National Corp
Cincinnati
Pennsylvania
Indiana
Diamond National
Bank officer to attend summer session at Rutgers
Robert E. Forster of First National Bank of Middletown will join the Stonier Graduate School of Banking session at Rutgers University New Brunswick New Jersey June 13 4. He is among nearly 1100 bank officers attending the session sponsored by the American Bankers Association. Ed Rathbun joins J B Strickland real estate sales staff after forty years with Diamond National Corp and retires as Gardner Division engraving superintendent. He resides at 3709 Grand Ave.
MENTIONED IN THIS ARTICLE
Robert E. Forster
First National Bank of
Middletown
Stonier Graduate School of Banking
Rutgers University
New Brunswick
N. J
American Bankers Association
ED Rathbun
J. B. Strickland
Central Avenue Realtor
Rathbun
Gardner
Diamond National Corp
iHe
Grand Ave
New Strawberry Toothbrushes and Other Fresh Products
New York reports a batch of novelty items including scented ice cream brushes in strawberry vanilla chocolate scents for children ages 2 to 11. Tek-Hughes of Watervliet introduces six flavored handles with odors in the plastic, not the bristles, and odors reputed to last the life of the brush.
MENTIONED IN THIS ARTICLE
New York
Tek- Hughes
Watervliet
N. Y
Grier Elected to Ohio Leaders Club
E C Grier an agent for Connecticut Mutual Life Insurance Company has been elected to the Ohio Leaders Club of the Ohio Association of Life Underwriters.
MENTIONED IN THIS ARTICLE
E. C. Grier
Connecticut Mutual Life Insurance, Co
Ohio Leaders Club
Ohio Association of Life Underwriters
Tipping Was Started In Europe And Its Still Going On There
European tipping customs are explored with historical notes from 18th century England to modern hotel and restaurant practice. The piece details typical percentages for France Italy Britain and others, noting service charges and regional variations for porters maids taxi drivers and more.
MENTIONED IN THIS ARTICLE
Europe
London
England
France
Italy
Belgium
Holland
Switzerland
Austria
Germany
Scandinavia
Spain
Britain
Portugal
Notty the Porpoise Enlists in Navy Research Program
Notty a three year old porpoise from Naval Ordnance Test Station China Lake joins a San Diego Marineland setup for torpedo research. Cameras track her motions while USC scientists study skin blood flow and water drag to boost underwater speed and fuel efficiency.
MENTIONED IN THIS ARTICLE
Ralph Dighton
Palos Verdes
Calif
Notty
U.S. Navy
Naval Ordnance Test Station
China Lake
Netty
Navy
Marineland Oceanarium
Natty
Marineland
Schummy
San Diego
Convair
Irving Rehman
University of Souther California
Prohem
Ralph Penner
USC
Penner
Rise of Supermarket Chains Noted in FTC Study
The FTC releases a 338 page report showing 38 percent of food retail sales by corporate chains in 1958, up from 29 percent a decade earlier, with chains growing 118 percent while independent grocers fell to 30 percent. The study highlights mergers, cooperative groups, direct purchasing, and interlocking directors amid regional focus areas.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
FTC
Earl W. Kintner
Pacific National Job Taken By King
William A. King former Journal advertising department employee and recent Alaska resident has joined Salt Lake City branch of Pacific National Life Assurance Co. He left advertising manager post at Anchorage Times to work in mortgage franchise business. The Kings and their son Billy J Jr. live in Salt Lake City. they have four married daughters.
MENTIONED IN THIS ARTICLE
William A. King
Journal Advertising Department
Alaska
Salt Lake City
Pacific National Life Assurance Co
King
Anchorage
Fairbanks
Anchorage Times
Insurance Company
Kings
Billy J Jr
Champion Subsidiary Promotes Two At Piqua
Donald F. Fraher named operations manager of Champion Paper Specialties Inc in Piqua and David Hughes appointed assistant to the operations manager. Both have been with the firm since its 1959 origin as a Champion subsidiary. Fraher had served as acting operations manager prior to the promotion.
MENTIONED IN THIS ARTICLE
Donald FE. Fraher
Champion Paper Specialties, Inc
Piqua
David Hughes
Sterling E. Brown
Fraher
Hughes
Champion Paper and Fibre Company
Also Mentioned on This Page
General Motors
Chrysler
Emery G. Pallo
Black Clawson Co
Pallo
Bellomonte St
Proctor & Gamble
U. S. Rubber Reclaiming Co
Buffalo
New
Great Britain
Anderston Clyde Engineers Ltd
Manchester
Desco International Assn
Buffalo, N.Y
Raymond Palmer
Gene Fay
Tire Service
N. Verity
Jack Keister
Thirkields
Porpoises
Quebec
By Frank Cormier
National Tea
Loblaw Inc
Colonial Stores
H. C. Bo
Pacific National
Champion
Orkin
The
Ladd
New York Stock Exchange
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