CORPORATIONS: Minute Maid's Man

In the middle of a round of golf one day last spring, Capitalist John Hay Whitney and Crooner Bing Crosby began to talk about—of all things—frozen orange juice concentrate. "Jock" Whitney thought he had hold of a good business proposition, and by the time they had got to the 19th Bing was all ears. Last week the Whitney-dominated Vacuum Foods Corp. (Minute Maid frozen orange juice concentrate) announced the deal they made.

Through a Loophole. Crosby, no mean businessman himself, became a director of Vacuum Foods, in which he recently bought 20,000 shares of stock at lof a share. He...

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