| 608,000 | WOMEN | Average Holding 29 Shares |
| 351,000 | JOINT ACCOUNT | Average Holding 26 Shares |
| 297,000 | MEN | Average Holding 38 Shares |
| 51,000 | TRUSTEES AND ORGANIZATIONS | Average Holding 194 Shares |
More than 200,000 Bell System employees own AT&T stock purchased under payroll sayings plans. Many of these, together with other employees, are now buying shares under the current payroll sayings plan.
Such widespread ownership by investors helps make possible the good telephone service you get today.
Ideals and aims
The management of the Bell System recognizes its responsibility to treat fairly telephone users, employees and share owners. It believes that the interests of these three great groups of people are linked closely together.
Management’s aim and responsibility is to see that telephone users get the most and best possible service. The cost of service must be as low as may be consistent with good wages and working conditions for employees and with a reasonable return for share owners on their investment in the business.
The Bell System believes that the most and best possible service means telephone service for the nation that, so far as possible, is free from imperfections, errors or delays—service that enables anyone, anywhere, to pick up a telephone and talk to anyone else, clearly, quickly, at reasonable cost.
Coaxial cable can simultaneously transmit hundreds of telephone conversations and several TV programs.