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Counterattack. The challenger's road show took it in stride. Newsmen summoned to the presidential suite on the 23rd floor of Chicago's Conrad Hilton Hotel found Wolfson perched modestly on the edge of his seat while onetime Notre Dame Football Coach Frank Leahy who will organize stockholder committees' delivered a testimonial: "Louis is one of the cleanest persons I have ever known clean in mind and body. He is a really better person than 95% of the Catholics I have known and I have known...

Author: /time Magazine | Title: CORPORATIONS: Bare Knuckles in Chicago | 3/21/1955 | See Source »

...next day, before the 2,113 people jampacked into the Conrad Hilton's grand ballroom, Wolfson took the fight to Avery. He compared Ward's earnings of 5.5% on investment to Sears's 13%, J. C. Penney's if he couldn't do better, said Wolfson he "would tender my resignation and walk out." He reported spending $350,000 so far on the proxy fight, added he expected the stockholders would be "glad" to repay...

Author: /time Magazine | Title: CORPORATIONS: Bare Knuckles in Chicago | 3/21/1955 | See Source »

...charge of delay for the Craig forces was a round, rollicking state senator named Roy Conrad of Monticello, who raises purebred Aberdeen Angus cattle. An expert in state political matters, Conrad put the slowdown on everywhere. He even changed his personal gait. From his seat near the back of the senate chamber to the microphone at the front, Conrad began to move at the pace of a tired Angus on a summer evening. Conrad was not tired; he had merely made a deal with Craig to block the Jennerite bill...

Author: /time Magazine | Title: THE STATES: Warfare on the Wabash | 3/7/1955 | See Source »

When the Jenner forces tried to rush the bill out of the Roads Committee, Conrad demanded a public hearing. Later, he asked for a second hearing before the whole senate ("The public has a right to know"), and proposed that New York financial experts be called to testify. When Jenner men moved to hold that hearing immediately, he had the New York experts tipped off to be unavailable for a while...

Author: /time Magazine | Title: THE STATES: Warfare on the Wabash | 3/7/1955 | See Source »

While delays piled one legislative day on top of another, Strategist Conrad was at work in other fields. He asked for and got the governor's assurance that, while the fight was on, favors for senators would be cleared through him. Thus, when a small town asked the State Highway Commission for permission to park its new fire truck in the state garage, the request was referred to Roy Conrad. When the puzzled state senator representing that district asked Conrad to approve the request, he got a question for an answer. How was he going to vote...

Author: /time Magazine | Title: THE STATES: Warfare on the Wabash | 3/7/1955 | See Source »

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