Word: carltons
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...Latin American business. He resigned as director and president of the company's Argentine, Brazilian and Cuban equipment subsidiaries. Last month, three weeks before A. C. F. reported a $1,662,692 deficit for the fiscal year, Oscar Cintas, from his ritzy suite in Manhattan's Ritz-Carlton, sent a bitter letter to stockholders charging that Car & Foundry's directors were on record for only minuscule blocks of stock, while he, Oscar Cintas, was the largest individual stockholder in the company...
...Ritz in Paris. Mme Ritz had come to see the World's Fair, survey the latest American hotel methods, master the art of preparing ice cream sodas, which "we do so badly in Paris." She stayed a few days at the Waldorf, then moved on to the Ritz-Carlton...
...function properly in producing profits," three months ago started rounding up proxies to oppose the management slate. No mere corporate troublemaker, he spent $4,450 out of his own pocket convincing other dissatisfied shareholders that they were entitled to minority representation "just like the Supreme Court." This proposition Messrs. Carlton and White dismissed, arguing that under Western Union's bylaws minority representation would be impossible...
...Flatto turned up for last week's meeting, claiming to hold 9,000 proxies representing 250,000 shares. He demanded to know what would happen if he had 300,000 shares and the management had 300,001. Mr. Carlton retorted that nothing would happen...
...Carlton then adjourned the meeting to count the Flatto proxies. At 5 p. m. he announced an adjournment to the following day. Next day, as officials continued to dig through the Flatto proxies, the meeting was adjourned until this week. By this time Western Union's management, harried by Flatto threats to challenge every one of their proxies, diagnosed the most serious stockholders' revolt in their 88-year history as a "disease of the times...