Word: beaches
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Dates: during 1950-1959
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...Imperious Demand." Young heard the news at his winter home in Palm Beach, Fla., and said: "I am really basically gratified. I'd rather have my own board of directors than work with the present one." He blamed the turndown on "Morgan interests" on the board...
...told newsmen in Chicago: "If Bob Young is looking for a fight, it will be bare-knuckled . . . and no punches pulled. We're not pushovers and we're not punching bags . . . You can't handle the problems of a railroad and be in Palm Beach and Newport." (Young has palatial homes in both places; White lives in a ten-room brick-and-stucco house in Scarsdale, N.Y., is a New York Central commuter.) White also denied that Young is the largest individual stockholder, saying that there is another who owns more shares and "who has been very...
...another 50? was declared this year. White readily admits that the Central still has some basic troubles: a big passenger deficit ($50 million in 1952), extensive repairs needed in the roadbeds, high terminal costs. Says he: "We have problems that will not respond to a magic touch from Palm Beach...
Frenzied Trading. As if in answer, Young closed down his Palm Beach home this week and moved to a four-room suite in Manhattan's Waldorf-Astoria Towers. As he headed North, he fired one more shot at White, demanding that he "get back to running the railroad or resign." Meanwhile, both sides prepared proxy statements for the Securities & Exchange Commission, got ready to solicit proxies in preparation for the Central's annual meeting...
Folksy & Sincere. Godfrey, of course, is the unquestioned king of TV's matinee idols. Last week, telecasting from Florida, he sat on a Miami beach with the Atlantic rollers surging behind him, while his cast shivered in Manhattan. Using the split-screen technique, Godfrey chatted with each member of his team and listened approvingly while they told him how wonderful he was. Arthur operates on the disarming assumption that every viewer is at least as absorbed in Godfrey as he is, and he spends much of his 90-minute show in discussing such items as his own weight, what...