It said it would keep a stake in the company for at least 10 years.
They are also shoaling fishes and benefit from being kept in the company of their own kind.
"Our job is to keep value in the company, while recognizing the constraints we're under," he said.
He kept his shares in the company until 1905 and then sold them all.
But Philips will keep a controlling interest in the company, a spokesman said.
"We want to keep those bonds in the company and share the profits with policyholders."
The government began to slowly sell its majority control, but kept a 19% stake in the company.
The DeBartolo family said it would keep its investment in the company.
While he kept an interest in the company as an investor, he no longer led the company.
Horace had a handsome bonus that he kept in the company safe for his lads until after their party.