Deseret Management Corporation becomes the holding company for the church's income producing enterprises. "There was criticism from members of the Twelve," second counselor N. Eldon Tanner later comments, "because they couldn't see why the First Presidency would hand that [power] over to the Deseret Management Corporation."
[Source: The Mormon Hierarchy - Extensions of Power by D. Michael Quinn, [New Mormon History database (http://bit.ly/NMHdatabase)]]
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