CORPORATIONS: The Roof Leaks

The 649 stockholders of Atlas Tack Corp. are no longer surprised at anything.

Most of them remember the wild days back in 1933 when Wall Street manipulators jacked the stock from $2 a share to $28, then let the price drop like a hot potato so that they could rig the market over again. Thus last week the hardy Atlas stockholders heard a grim summary of their company's condition and took it standing up.

In the annual report for 1944, the Atlas president, blunt, hard-boiled Sherman Hoar Bowles (cousin of OPAdministrator Chester Bowles), told the stockholders: "The roof of the Fairhaven...

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