Word: finkelsteins
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Some cases are more frustrating. Claire Finkelstein '86, one of several undergraduates who works at PLAP through Phillip Brooks House, had one suicidal client. She says that if the client didn't get everything he wanted each time he called, he threatened suicide...
Dissidents among Chock Full's 20,000 shareholders are led by Jerry Finkelstein, 66. He runs Struthers Wells Corp., a maker of power-plant equipment, and publishes the New York Law Journal. The dissidents claimed that Black had not set foot in his office for a year and had admitted he kept in touch with Chock Full through his wife. They said he had not attended a directors' meeting since August 1981, and knew the names of only four of his fellow directors. They charged also that Chock Full's president, Leon Pordy, Black's cardiologist...
Black and Pordy struck back. "I am not an absentee manager," said Pordy. "I spend 40 to 50 hours a week here." They countered in a splashy New York Times ad that Finkelstein's businesses lost money or had minimal earnings, whereas Chock Full's earnings stood at $5.4 million. Cracked Black: "Finkelstein has not done as well with his companies from his office as I have done from home and hospital." Diagnosed Pordy: "A doctor would be good for his sick company...
...sides will clash directly this week at Chock Full's annual meeting. Finkelstein's people have amassed 16% of the stock, vs. 18% owned by Black and his wife. The dissidents want a new management team, one that would expand and license the Chock Full name for other products besides coffee and cakes...
...What Finkelstein's group might really be after is Chock Full's substantial New York City real estate holdings. Those, plus buying by the dissidents, have helped drive the company's stock up from $3 in 1980 to $13 last week, despite erratic earnings...