Achieving Desired Earnings Growth, [circa early 1970s]
Scope and Content Note
The Liberty Corporation Records span the time period from 1954 to 2000, with the bulk of the records dating from 1969 to 1983. There are 231 folders of material in 18 document boxes, 6 oversize boxes, and 4 oversize folders. The records are arranged alphabetically by folder title and then chronologically within each folder. Included in this record group are such materials as blueprints, booklets, financial reports and statements, manuals, memorandum, minutes of meetings, and reports. These records show how the new corporation developed and expanded from its formation in 1967 through the early 1980s.
Financial reports and statements account for a majority of the materials in this record group. These records document how the corporation progressed financially from year to year. The Board of Directors Reports shows the quarterly status of the corporation and its subsidiaries. The 1968-1970 reports are filed under this name while the 1971-1986 reports are filed under "Quarterly Reports". The years 1983-1985 are missing. In addition, there are the corporation's annual reports from 1968-1989, 1994, and 1997-2000. Moreover, budget variance and cost summary reports, budgets and financial statements are filed in this record group.
The minutes of meetings and memorandum of the Management Committee document the development of the operations of the new Liberty Corporation from 1969 to 1979. Some of the topics covered include the acquisition of Cosmos Broadcasting Corporation and Surety Investment Company stock, the proposed alignment of the corporation's subsidiaries, the proposed acquisition of South Carolina National Bank (SCN), Securities Exchange Commission (SEC), Liberty Properties, CATV operations, Greater Arizona Savings and Loan, United Fidelity Life Insurance Company, and Lake Arrowhead Campground (Myrtle Beach, South Carolina). Other topics include the Greenville Housing Foundation, the Merit Scholarship Award Program, acquisition strategies and criteria, budgets, capital expenditure reports and requests, employee benefits, investment strategies, long range plans, and workmen's compensation. There is also a consent action form to purchase television station WDSU-TV in New Orleans, Louisiana, and an investment proposal for Cosmos' Montgomery Tall Tower in Alabama. Finally, the minutes of the Management Committee's task force meetings dealt with such subjects as corporate planning, coordinating the employee benefit package, and the spin-off of real estate operations from the corporation. Additional material on Securities Exchange Commission and South Carolina National Bank can be found in other sections of the record group. The material include the forms that Liberty had to file with Securities Exchange Commission to legally exist as a corporation, as well as a financial review and Directors' Questionnaires related to the proposed acquisition of South Carolina National Bank (SCN).
Material from other corporate committees can be found in this record group. The minutes of the meetings of the Administration Committee cover such topics as buying or renting property for business purposes, establishing corporate accounts and committees for certain tasks, creating manuals and training programs, improving management incentive plans and office procedures, office problems and concerns, and status reports on various activities. The minutes of the Data Processing Review Committee meetings reflect how the committee evaluated potential systems development projects and identified the priorities to be followed by the systems and programming group. A majority of the memos of the Employee Benefits Committee deal with the announcements of upcoming meetings and their agendas. However, a few of the memos cover topics such as a pension plan alternative, maternity leaves-wage continuation, and Liberty Life Group Plan Revisions. Also, there is a report reviewing The Liberty Corporation's profit-sharing plan. Memos of the Product Development Committee deal with such subjects as ordinary policy revisions and thrift rate book changes. There is a survey of the Liberty Life Product Portfolio, a proposal for a new Intermediate Series of insurance policies aimed for the $7,500-$15,000 income range, and a bulletin about Senator Gary Harts' proposed "Consumer Insurance Information and Fairness Act" (S. 2065). The Bent Tree Advisory Committee's records reflect its concerns about cash requirements, creating guidelines for the Property Owners Association, construction progress, the home building program, marketing, the development of reorganization plans, and advertising for the recreational second home development near Atlanta (Jasper), Georgia in which The Liberty Corporation became involved in 1972. The two folders of the Education Committee contain listings of names, educational statistics and objectives, correspondence, petitions, reports and a speech outline concerned with improving the quality of education in Greenville County, South Carolina.
Records pertaining to the new corporate headquarters building are filed in this record group. The "Building" and "Conference Memorandum" folders contain memos and budget reports on different aspects of the construction of the Liberty Corporation Office Building from 1979-1983. There is material concerning the progress schedule, project status meetings, sewer system, and zoning. Oversize blueprints and a drawing of The Liberty Corporation New Headquarters Office Building in Greenville, South Carolina, as well as blueprints of The Liberty Corporation Building in Addison, Texas, are also part of the record group.
Other information can be found within the record group. There are some financial statements concerning income taxes of Greater Arizona Savings and Loan Association. The minutes of the meetings of Liberty Investors Benefit Insurance Company's Management Committee deal with the sale of company to ITT, as well as mid-year finances, current status of sales, and the termination of Surety Pension Plan. There are also documents regarding the Liberty Scholarship Programs at Clemson University, Furman University, and University of South Carolina. In addition, there is correspondence and memorandum concerning the establishment of an archives program at The Liberty Corporation, as well as banking, financial, organization, and strategic planning manuals. Finally, the record group contains booklets about subjects such as business ethics, career, compensation, disability, heritage, life insurance, medicine, and profit-sharing.
In addition to the oversize blueprints and drawing, there are financial statements and securities listings concerning The Liberty Corporation, daily transfer sheets of the First National City Bank, and daily transactions of South Carolina National Bank (SCN).
Other material related to The Liberty Corporation can be found in the records of Francis M. Hipp (RG 1), the Legal Department of Liberty Life Insurance Company (RG 3.1), Liberty Life Post Corporation Records (RG 3.3), Boyd Calhoun Hipp (RG 5), Herman Hipp (RG 6), Cosmos Broadcasting Corporation (RG 7), and Communications Department (RG 8). In addition, there is related material in the other sub-record groups connected to The Liberty Corporation (RG 11).
Dates
- [circa early 1970s]
Extent
From the Record Group: 12.95 Cubic Feet (including 232 folders in 18 document boxes, 6 oversize boxes, and 4 oversize folders.)
Language of Materials
From the Collection: English
Creator
- From the Collection: Liberty Corporation (other_unmapped, Organization)
Repository Details
Part of the Clemson University Libraries Special Collections and Archives Repository