Percent 111. 3 Ling-Temco-Vought reported that the only holder of Percent 14. 8 more than 10 percent of the outstanding shares of common McDonnell Douglas Employee Savings Plan. 6. 7 stock was Cede and Company, the nominee of the New New York Stock Exchange's Share Depository (Cede & York Stock Exchange, with 39 percent of such stock. Co.). 5.4 Boeing Company reported that the 30 largest stock- James S. McDonnell III. 4. 5 4.1 holders are comprised of four brokers, 25 nominees and one McDonnell Foundation, Inc. 4.0 individual who among them hold 28.0 percent of the com- 22 nominee names. 16.6 pany's outstanding shares. No names of stockholders were 2 other individuals.. 1.0 disclosed. E. I. Du Pont de Nemours & Company reported that holder of the company was the Profit Sharing Plan of Burlington Industries reported that the largest stockChristiana Securities Company holds about 28.2 percent of the Company, held by the Wachovia Bank and Trust its shares and that the remaining 29 top stockholders are Company as trustee, with 10.3 percent of the outstanding institutions and nominees, most of whom hold shares in a fiduciary capacity. stock. The company reported further: "With the exception Swift and Company indicated that the 30 largest stock of a few individual stockholders, none of whom hold more holders accounted for 39.0 percent of common shares out than one-half of 1 percent of the outstanding stock, the next largest stockholders of record of the company among standing. This total can be broken down into 32.5 percent the top 30 are nominees, brokers or others who generally in 22 nominee or broker accounts and 6.5 percent in the are not beneficial owners of the securities held in their remaining eight presumably individual or other beneficial accounts." accounts. Sperry Rand Corporation reported that its largest Bethlehem Steel Company disclosed the name of its top shareholder is Cede and Company, nominee of the New holder only, but did indicate the amount held by each of the top 30 holders, with each holder indicated by type. about 3 percent of the shares outstanding, and the smallest York Stock Exchange. The next largest account has This information is summarized as follows: of the 30 has 0.5 percent of the corporation's total outstanding, shares. Besides Cede and Company, the 30 30 largest stockholders. 24. 3 largest consist of 20 nominees of banks, two investment Cede and Company the nominee for New York Stock firms, one insurance company, three nominees of inExchange. 7. 2 surance companies, two foreign banks and one other 16 nominees for mutual funds. foreign institution. 6 bank fiduciary accounts and nominees for bank fiduciary accounts. Consolidated Foods Corporation reported only that the 1 broker. 30 largest stockholders of common stock consisted of 17 2 custodians for foreign holders. nominees, two retirement funds, one publicly-held corpora1 foreign issuer of bearer deposit receipts. tion, one major broker-dealer, two private foundations, 1 testamentary trustee.. and seven individuals. These 30 held about 31 percent of 1 State Teachers Pension Fund. 1 individual... .2 the common stock outstanding of the company, American Standard indicated the number of shares held 1 Includes one nominee for a mutual fund accounting for 2.5 percent of common stock outstanding. by each of the top 30 holders but did not identify the holders beyond classifying them into two insurance comEastman Kodak Company indicated only that the 30 panies, nine banks, seven brokerage firms, seven individlargest holders of its shares are registered in "street names” uals, and five as miscellaneous. The 30 combined held 33.7 and the names of banks and nominees. The largest of these percent of the shares outstanding, led by an insurance 30 holders represented 1.1 percent of the total outstanding company with 4.5 percent, second by a bank, with 3.6 voting shares of the company. percent, and third by a bank, with 3.1 percent. AltoNorth American Rockwell reported that the 30 largest gether the two insurance companies accounted for 4.8 holders accounted for about 26.2 percent of the corpora- percent of shares outstanding, the nine banks for 11.8 tion's total outstanding shares of common stock, headed percent, the seven brokerage firms for 6.9 percent, the by the nominee of the corporation's savings plan for em- seven individuals for 5.3 percent, and miscellaneous for ployees and Cede and Company, the nominee for the 4.8 percent. New York Stock Exchange. Singer Company listed without any identification the CLAIM OF CONFIDENTIALITY number of shares held by each of the 30 largest shareholders of common stock of the company which in total The following are the 30 companies which declined to account for 33.6 percent of the total stock of the company provide the information requested on grounds of confidenThese 30 holders are reported to "include Cedo and tiality. In some cases, where leading companies in the same Company, the New York Stock Exchange Stock Clearing Cated by way of contrast. or related industries provided full information this is indiCorporation, an insurance company, a retirement trust fund for governmental employees, an investment com- General Motors Corporation, although both Ford and pany, one individual and 25 street name or nominee firms Chrysler reported fully. which we believe hold stock in our company on behalf of International Business Machines Corporation, almany beneficial owners of the shares." though RCA reported fully. McDonnell Douglas Corporation provided information International Telephone and Telegraph Corporation, showing that the 30 largest stockholders accounted for although General Telephone and Electronics re57.1 percent of the total shares of common stock out- ported fully. standing, with a breakdown from which the percentages Goodyear Tire and Rubber Company. could be calculated as follows: Procter and Gamble. 2. 6 6 . Lockheed Aircraft Corporation, although United Air FAILURE TO RESPOND craft reported fully. Tenneco, Inc. The 15 companies from whom no reply to Senator Firestone Tire and Rubber Company. Metcalf's letter of inquiry was received were the following: Honeywell, Inc. International Harvester. W. R. Grace and Company. General Dynamics. International Paper Company. General Foods. Borden, Inc., although United Brands reported fully. Continental Can. Boise Cascade Corporation. American Can. Minnesota Mining and Manufacturing Company. Rapid-American. Coca Cola Bottling Company of New York. Gulf and Western Industries. TRW. Beatrice Foods. Armco Steel Corporation. Aluminum Company of America. Ralston Purina Company. American Brands. Uniroyal. National Cash Register. Owens-Illinois. U.S. Industries, Inc. Republic Steel Corporation. Colgate-Palmolive. U.S. Plywood-Champion Papers, Inc.? Georgia Pacific Corporation. FMC Corporation. Whirlpool Corporation. American Home Products Corporation. The 21 industrial companies (excluding oil companies) Genesco. that provided information on their 30 top stockholders Allied Chemical Corporation. appear to be fairly representative of the 99 to whom inNational Steel Corporation. quiries were addressed. They include some of the very Weyerhaeuser Company. largest, some of the smallest of these, and cover a wide Teledyne, Inc. spectrum of industries. Some major industries, such as B. F. Goodrich Company. rubber, are not represented. A brief discussion of the highlights from each of the 19 tables compiled from fully reporting companies follows, with the companies ranked 1 Letter was sent in error to this company instead of to Coca Cola in order of size of sales in 1971. Two companies, which Company, Atlanta, Georgia. requested that the information they supplied be kept conNow Champion International Corporation; company did in- fidential, are not included here but have been discussed dicate that Theodore J. Munchak, Nathan I. Lipson, and Dwight J. Thomson are large stockholders, based on filings with the Securities above under partially reporting companies. Tabulation and Exchange Commission; no specific shareholdings data given. on these 19 companies follow: Boston banks: New England Merchant... .4 297, 188 297, 188 1, 654, 100 Harvard & Co.... (Bark & Co.--Touchstone & Co. (Myers & Co... State Street 2. 2 Minneapolis banks: First National. Northwestern National.. VAR & Co. 320, 000 320, 000 29-553 0 - 74 - 4 Total-New York Big Seven.. ---- Gilmet & Co.--- Ferro & Co.- sChine & Co. Co. Trude & Co. SPace & Co...n (MAC & Co.... American Security and Trust Co------ Johol & Co... Dean & Davis... Commerce Bank of Kansas City ------ Don & Co.--- Equitable Life. {Gepco. Oneco.. Brown Brothers, Harriman & Co... Inc. J. & W. Seligman & Co. Funds: New York State Teachers Retirement System. Pitt & Co. 4. 2 873, 692 306, 134 3, 132, 978 807, 442 1. 1 First National City--Footnotes at end of table. |