Word: gillettee
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The new judge in the case, Mark L. Wolf, this Wednesday ruled against Gillette in the trial's first finding, saying that Mockler's company violated federal securities laws by publishing false and misleading advertising about the Coniston Group.
Corporation members, professors and administrators said that the two aspects of the case--Zobel disqualifying herself and Mockler's status as Gillette's chairman and a Corporation member--while unusual, are to be expected as members of the Harvard's two governing boards try to balance careers and University obligations...
...more than one year after a highly-publicized and unsuccessful proxy fight mounted against Gillette by the Coniston Group, a New York-based firm. In last year's proxy contest, Gillette won by a 52 to 48 percent margin over Coniston, which had mounted a campaign to unseat four Gillettee board members in order to sell off the razor company to the highest bidder...
As the company's chief executive officer,Mockler was on hand throughout the trial at theU.S. District Court in Boston, testifying on thefifth day of the trial--two weeks ago--that he wasadamantly opposed to selling the Gillette companythroughout the proxy fight with Coniston.
Geyser University Professor Henry Rosovsky, aCorporation member, said yesterday that Mockler'sinvolvement in the Gillette case was notsurprising considering his profession. "It is myunderstanding that there is almost somethingritualistic to these lawsuits" after proxy fights,Rosovsky said.