As he does once each year, the Metropolitan Life Insurance Co.'s stooped, bushy-browed President Leroy Alton Lincoln last week invited reporters to discuss his company's annual report over lunch in his leather-paneled executive dining room. As boss of the world's biggest life insurance company, he had some impressive figures to give them. In 1949, said Lincoln, Metropolitan had boosted its assets 6% to a mammoth $9.7 billion. It had not yet overtaken the world's biggest corporation—American Telephone & Telegraph, whose assets total $10.8 billion—but it was on its way. In 1950's first two months, said Lincoln proudly, Metropolitan...
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