Word: culligan
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...rebel leaders were identified as Editor in Chief Clay Blair Jr., 39, and Marvin D. Kantor, 37, head of the company's magazine division and a relative newcomer to Curtis. The man they were out to topple was President and Board Chairman Matthew J. Culligan, 46, brought in by Curtis in 1962 to lead the company back to recovery. Last May, the Times reported, Blair and Kantor had aired their grievances before the board. But when this maneuver failed, the dissidents sought to spread the rebellion. In September, Blair convoked a secret meeting at a steakhouse outside Greenwich, Conn...
...Curtis' editorial and economic crisis, Blair was ready to blame Adman Culligan. "Joe Culligan," said he, "is a great guy to know-after 5:30." Blair succeeded in selling this view to Marvin Kantor, one of two new men placed on Curtis' board by a group of Wall Street investors in 1962. Kantor had been a partner in J. R. Williston & Beane, the brokerage firm that was shattered last December after tankfuls of vegetable oils, supposed to be one of its principal assets, proved to be nonexistent...
...Decision. Together, Blair and Kantor constructed a case against Culligan-some of it trivial. They objected, for example, to the sumptuous private suite that Culligan keeps at Manhattan's St. Regis Hotel for late evenings in town-and for which Curtis is billed...
...their chief argument is that Culligan's interest in editorial salvage work has waned, particularly since the discovery of a rich copper-ore body in Ontario, adjacent to a Curtis holding of timberland. Since then, Culligan has filled the role of prospector with enthusiasm. Texas Gulf Sulphur, which made the discovery, has promised Curtis a mere 10% of the net profit in mining Curtis' acres-if and when they are ever mined. Buoyed in part by the blue-sky possibilities in Ontario, Curtis stock rose to a high of 191, has since settled in the vicinity...
Pleased by public response, Curtis President Matthew J. Culligan called Ogilvy's ad "one of the great media ads of the decade." Others obviously agreed. Next day, by startling coincidence, Look Magazine ran a full-page paean to its editor, Dan Mich. Adman Ogilvy could harvest the rich rewards of having concealed from Curtis, to the very end, his true motives. "I belong," he said last week, revealing his purpose at last, "to the society for the enthronement of editors and the subordination of those space peddlers who get to be publishers. I've been nauseated...