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Some peace overtures were also made in the merger wars last week. The board of soft-drink producer Royal Crown Cos. reversed itself and agreed to recommend that stockholders accept a $40-a-share bid by Florida-based Investor Victor Posner unless a better offer comes along. Posner, an aggressive and frequently feared accumulator of big blocks of corporate stock, controls more than 26% of Royal Crown's shares. Separately, a Castle & Cooke-led group dropped its efforts to swallow Dr Pepper, another beverage company, which is planning to sell out to Forstmann Little & Co., a private investment firm...
Paul Thayer. Last week the SEC charged that Thayer, as chairman of LTV Corp. and board member of Anheuser-Busch Cos. and Allied Corp., improperly passed along inside information to his friends. The day before the SEC filed its civil complaint in a New York federal court, Thayer resigned as the Pentagon's No. 2 man. Thayer termed the charges "entirely without merit" and vowed to fight them. At week's end his replacement had been named: William Howard Taft IV, the self-effacing chief counsel of the Defense Department, a protégé of Defense Secretary...
Michael J.Hohl Cos Cob, Conn...
Florence Phillips, 46, is a professional Florence Phillips, 46, is a professional actress with a very special audience: the students in the Cos Cob School in Connecticut. As the school's artist-in-residence, she flies through fairy tales, acts out scenes from Shakespeare and introduces the youngsters to the poetry of Whitman, Shelley and Tennyson. From parents she gets a standing ovation. Last month the Cos Cob PTA held a fund-raising party with 1,000 guests paying $1 a head. Reason: the local school budget does not cover her salary, and the PTA must raise...
...Recter DE 6-3 215 Sr. Carson, CA 36 Chris Ridout FB 6-0 210 Se. Rolling Hills, CA 91 Bill Ross DE 6-4 210 Se. New Sanyrna Bch., FL 71 Joe Rayan OT 6-2 265 Se. Bresklyn, NY 37 Will Salesby RB 5-11 175 Sr. Cos Cob, CT 44 Paul Sharon FB 5-11 195 Sr. Marlboro, MA 20 Chunk Sharon SE 5-11 160 Se. Waterlee, IA 18 K.C. Smith ADJ 6-2 196 Se. Doorfield, MA 8 Rob Steimberg P-PK 5-10 175 Se. Los Angeles, CA 25 Ken Tarcry...