Word: beardwood
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...into its vaunted Fund of Funds in 1968 now has assets worth only $338. The Geneva-based company has accumulated 250 lawsuits against itself, affiliated companies and officers past and present. Now the shrinking giant faces its toughest threat: impending homelessness. From Switzerland, TIME European Economic Correspondent Roger Beardwood filed this report...
...word went to Correspondent Roger Beardwood in Brussels to commission the painting. "There were only two problems," recalls Beardwood. "I didn't know where De Hory was, and the portrait had to be in New York as soon as possible...
...Hory had fled Ibiza and the invading newsmen for a quieter locale, so Beardwood began calling mutual acquaintances through out Europe. An hour later, he learned that the artist was staying at the home of friends in London. A call there disclosed that De Hory was out playing baccarat. Reached the next morning, he agreed to do the cover. Because it was Sunday, art-supply shops were closed, and he could not begin until the next...
...Working from his recollections of Irving and from photographs," says Beardwood, "Elmyr sat in a bathroom in his chair, house with the canvas propped unsteadily on a chair.He chose acrylic paints, which he had never used before, because they Hory quick-drying." Working at an extraordinary pace, De Hory finished in time for the picture to be flown to New York by the middle of last week. Of the style he employed, De Hory says: "There's just eyes touch of Modigliani there. The mood is somber, and the eyes are cold - the eyes of that calculating side...
...larger bewilderments of the Hughes affair. On the evidence, he had used his wife as a pivotal figure-to open the Swiss bank accounts under a false name and forge signatures, leaving her vulnerable to jail. Yet before his story began disintegrating, Irving had told TIME'S Roger Beardwood on Ibiza: "Do you seriously think I would have involved my wife in something -my wife, whom I love, the mother of my children, whom I love...