Table 6.-SUMMARY OF STOCKHOLDER DATA SUPPLIED BY 89 RESPONDENTS - SUPPLYING DATA ON 30 LARGEST STOCKHOLDERS IN 1972-Continued (Note.-See precautionary note, ch. III, p. 21) Percent of stock held by 30 largest stockholders V. Commercial Banks First National City 18 Shawmut Association.. Travelers... 22. 4 23. 8 28 4 40.6 35. 8 29. 1 34. 4 42. 5 15. 0 34.0 · Respondent companies are arranged by size within each industry group. · Banks are designated by the following symbols: BNY-Bank of New York; BT-Bankers Trust; CB_Chemical Bank; CMChase Manhattan; FN-First National City; FR-Franklin National; FT-Fiduciary Trust; IT—Irving Trust; MG-Morgan Guaranty; MH- Manufacturers Hanover; MM-Marine Midland; SB—Savings Bank Trust. Percent of stock held by New York banks within the 30 largest stockholders Percent held by largest single stockholder except where largest stockholder is a New York bank or Cede & Co. Largest percent of stock held by a New York bank? Percent held by Cede & Co 1. 5 2. 2 1. 2 1. 8 14. 0 36 8. 4 4. 3 FN 28 5. 7 39 10.8 14. 4 6. O MG 1. 8 • Ford Motor Co. employees stock plan. • First National of Chicago. First National of Boston. • Mercantile Safe (Baltimore). * Textron employee stock savings program. * Kirk Kerkorian (director Western Air Lines). • RKO General, Inc. 10 Pennsylvania Company. 11 Merril Lynch, Pierce, Fenner & Smith Inc. 19 Mississippi River гр. 18 Chemical Bank is the exchange agent under Union Pacific RR Co.'s exchange offer of September 1964, 11 Scherck, Stein & Franc. 30 First National City Houston as trustee of Transcontinental Gas Pipelines employee stock plan. i1 Merrill Lynch, Pierce, Fenner & Smith Inc. Chapter IV INDUSTRIAL CORPORATIONS Letters requesting the names of top 30 stockholders and of the company's outstanding shares; the 30th account amount of their holdings went to the 100 largest industrial had less than 0.2 percent of such shares. All of the 30 companies. One of these, General Telephone and Elec- largest are intermediary holders, mostly nominees of tronics, has been shifted to the category of utilities, since banks. Similarly Standard Oil Company of California more than half of its revenues in 1971 was reported to be reported that its largest stockholder, a nominee of the derived from its telephone business. Crocker National Bank in San Francisco, held 5.6 percent For purposes of analysis, the industrial companies will of outstanding shares of common stock on behalf of embe divided into two categories: oil companies, the largest ployee members of the Company's stock plan. The Sun single industrial group among industrial corporations, of Oil Company provided only the information made public which there are 18; and all other industrial corporations, in its notice of annual meeting which included the foct 81 in all. that 18.2 percent of voting stock was held by the Glenmede A. OIL COMPANIES Trust Company as trustee of the Pow Memorial Trust, Of the 18 oil companies, four provided all, or virtually and another 16.5 percent also by Glenmede Trust Comall, of the information requested. These were Mobil Oil, pany as fiduciary and co-fiduciary for a number of other the second largest oil company, Atlantic Richfield, trusts or estates. Mr. Walter C. Pew, director, as beneficial Continental Oil and Ashland Oil. owner and as trustee, held 3.3 percent. Shell Oil Company reported that 69.6 percent of its common stock outstanding is owned by Shell Petroleum CLAIM OF CONFIDENTIALITY N.V., the Hague, the Netherlands, which in turn is owned 60 percent by Royal Dutch Petroleum Company and 40 Six companies which considered the requested informapercent by the "Shell" Transport and Trading Company, tion confidential and therefore refused to supply it were Limited, an English company. Texaco, Gulf Oil, Standard Oil Company (Indiana), Standard Oil Company of Ohio reported that British Phillips Petroleum Company, Union Oil Company of Petroleum Company, Limited, had acquired the equiva- California, and Cities Service Company. lent of a 25 percent common stock interest in the company which could eventually reach 54 percent. FAILURE TO RESPOND Three companies, Occidental Petroleum, Signal ComThree companies gave very limited information. Stand- panies, and Getty Oil Company, failed to respond. ard Oil (New Jersey), now Exxon Corporation, the largest Highlights of the responses from the four companies petroleum company, reported that its largest stockholder which supplied the requested data follow the tabulations account is the Trustee of its Thrift Fund, with 2.8 percent on these companies inserted here. (29) Chemical Bank. Jenkins & Co... Cross & Co. Steere & Co... Saxon & Co.--- Anderson & Co. PERC & Co.--. EMP & Co-.-. Pace & Co.----- Dean & Davis... Trussal & Co.--. Nabank & Co.... Equitable Life. Sealy & Smith Foundation for the John.-- Sealy Hospital. Mobil Oil Corp- Total-New York Big Seven. 5, 967, 514 5, 967, 514 10. 8 Footnotes at end of table. (22). ATLANTIC RICHFIELD OIL COMPANY-Continued Cummings & Co.. Leslies Co. Cross & Co. Steere & Co..... Saxon & Co.--. Anderson & Co. Bark & Co.--- PERC & Co.-- Gunther & Co. Brown Brothers, Harriman & Co.. Inc. Trustees of Atlantic Richfield Thrift Plan. System. Robert O. Anderson.--- Cities Service Co.--. Subtotal.. 7, 356, 500 13. 3 (23) --------- CONTINENTAL OIL COMPANY. Chemical Bank... C. A. England & Co. Gilmet & Co.---- Harvard & Co...--. SPERC & Co. (EMSEG & Co.- First Jersey National Bank, Jersey City-- Dean & Co.. Pace & Co... Carothers & Clark. Dean & Davis... F. J. Haffner & Co. } 1, 948, 088 Texcomco. Nabank & Co.-. 1, 695, 768 252 320 3. 8 New York banks: Bankers Trust- Cudd & Co.. Douglass & Co Atwell & Co.. Kennedy & Co.- Edal & Co.--. Trude & Co. % Central National Bank of Cleveland.---- Parness & Co.---- Hamil Fund & Co. (Lexington, Ky.). ville, Ky.). Ohio). Merrill Lynch, Pierce, Fenner & Smith Inc Board of Trustees of the Retirement Sys tem of the City of Cincinnati. 219, 100 715, 559 3.0 Individuals... Subtotal... 3, 132, 824 3, 132, 824 12.9 • Nominee for the Company's Thrift Plan and held in trust for benefit of participating employees. 1 Totals may not add due to rounding. 5 Ashland Oil Thrist Plan. |