American Broadcasting Company which were related to advertising and were indexed compared to the number of listeners/viewers, failed to compensate for its heavy investments in purchasing and building stations. In 1951, a rumor even mentioned that the network would be sold to CBS. In 1951, Noble held a 58% ownership stake in ABC, giving him $5 million with which to prevent ABC from going bankrupt; as banks refused further credit, that amount was obtained through a loan from the Prudential Insurance Company of America. Leonard Goldenson, the president of UPT (which sought to diversify itself at the time), approached Noble in 1951 on
J. Edward Lundy staff still use the term Lundyism to refer to grammatical, typographical, and formatting conventions in the preparation of financial reports. J. Edward Lundy J. Edward Lundy (January 6, 1915 – October 2, 2007) was an American automobile executive who became the chief financial officer of Ford Motor Company. Lundy was one of the Whiz Kids, a group of 10 young and ambitious veterans of the United States Army Air Forces led by Charles B. "Tex" Thornton. Thornton offered their employment as a group to Henry Ford II, and they were hired in 1946. He was assigned as financial planning manager,