Goodyear Tire & Rubber Co. stockholders last week ratified by vote the peace-plan that Owen D. Young suggested to them two months ago (TIME, May 23). They had been quarreling for years about the way the company was operated. Last week they approved selling $60,000,000 bonds to replace several current issues; elected 17 directors (who chose seven of their number to be the company's executive committee); re-elected Paul W. Litchfield president.
Clarence Dillon of Dillon, Read & Co., Manhattan, and John Sherwin, Chairman of the Union Trust Co., Cleveland, onetime managers of the...
To continue reading:
or
Log-In
