Corporations: Mother Bell's Christmas Present

In a nation that celebrates bigness, they come no bigger than American Telephone & Telegraph Co. It is the world's largest corporation, with assets nearly three times greater than General Motors'. It has more employees (729,000) than Montana has people. Its 2,250,000 stockholders outnumber all the Kansans in Kansas, and the $863 million they collected in dividends last year was the most ever paid by any corporation anywhere. Last week Mother Bell—as A.T. & T. is fondly called by those who live off her dividends-added another batch of superlatives to her extensive collection.

In one midday announcement, A.T. & T....

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