Business: Tycoon's Expense Account

Through the malodorous mazes of the Associated Gas & Electric system now in reorganization (TIME, March 4) one man used to walk with a sure foot—moonfaced Howard C. Hopson, who put it together, kept the diagram under his fedora.

Since heart disease retired Howard Hopson, many a public agency has sat up nights trying to trace his transactions among A.G.& E.'s 18 holding companies, its 154 operating units.

More entertaining than most details uncovered were Hoppy's personal expense accounts, which his operating companies shared the honor of paying. Months ago the Federal Power Commission...

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