Word: fairbankses
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Suddenly it was all over. The four years of Cambridge, with Greta Garbo and Douglas Fairbanks playing at the University Theatre, dinners at the Georgian, Mallory straws and raccoon coats at the Coop, and Old Golds without "a cough in a carload," this was all finished.
PROXY FIGHT for Fairbanks, Morse between management and Penn-Texas' Leopold Silberstein (TIME, Feb. 6) has gone to management, at least for now. At the annual meeting Penn-Texas forces claimed 440,000 shares v. 863,000 (of 1,371,000 shares outstanding) for the management, led by Chairman...
When Financier Leopold Dias Silberstein started to move in on Fairbanks, Morse & Co. in January, President Robert H. Morse Jr. predicted that he would "run into a buzz saw." Last week Silberstein got cut up. The New York Stock Exchange agreed to list 141,890 new shares of Fairbanks, Morse...
In addition a U.S. District Court threw out a suit of Silberstein, president of Penn-Texas Corp., to block the Canadian Locomotive-Fairbanks, Morse stock swap. Ruled Judge Joseph Sam Perry: Penn-Texas "looks like a conspiracy of some type to raid the stock market . . . A slugging operation." After hearing...
But Silberstein, with an acknowledged minimum of 115,000 Fairbanks, Morse shares, had already won the right to seat one director at the company's stockholders' meeting late this month. Last week he filed an opposition slate of directors for the seats to be voted at the meeting...