U.S. Business: Public Private Eye

Pinkerton's National Detective Agency, the firm that made "private eye" a popular phrase, finally went public last week. Under fourth-generation President Robert A. Pinkerton II, the family-owned firm, which has used "We Never Sleep" as a motto and an unblinking eye as its trademark while running up a record for running down all sorts of criminals, is now a quarry itself—for investors. Pegged at $23 a share when it went on sale, $6,900,000 worth of Pinkerton stock soon sold at $29.75.

Less Derring-Do. That nice price reflects the fact that the agency, presently...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!