Who's Afraid of the Big Bad Wolfson

Goodman, Walter
April 1955
New Republic;4/11/55, Vol. 132 Issue 15, p14
The article discusses a meeting of Montgomery Ward & Co. shareholders. The meeting was held on March 22, 1955. Louis E. Wolfson, the chairman of Montgomery Ward & Co. said that it was a company's duty and responsibility to pay dividends as much as they can pay if they have to change management every year to do it. Wolfson concluded by charging the poor decadent management with a lack of trusteeship in seeing that dividends are paid to you people and in forcing the price of this stock so low that people entitled to profit will never see it.


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