Word: goldenson
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Simon will leave the actual running of the steel firm to others, but his takeover at Wheeling-where he owns only 8.8% of the stock-was certainly enough to make a few other people nervous. Among them: Leonard Goldenson, president of American Broadcasting-Paramount Theaters, which a few months back turned down a bid from Stockholder Simon (controlling more than 200,000 shares) to become a board member, and Roy W. Moore Jr., president of Canada Dry, which let Simon onto its board in August after first rebuffing his bid. Simon owns a 23% interest in Canada...
Even though Hunt has greatly increased its investment lately, Canada Dry President Roy W. Moore Jr. still says flatly that he does not want Simon as a director or merger partner. Over at A.B.-Paramount, which this week will announce a 20% rise in first-quarter earnings, President Leonard Goldenson also readied for possible battle with Simon by increasing his own holdings in the company from 56,443 to 70,000 shares. Simon may try to win at least one directorship at next month's annual meeting, says ominously that "we have friends with still more stock...
That's the way some people say it happened, although the principals now deny it. Another version has it that Treyz walked into Goldenson's office gay and joking, emerged grey-faced and shaken after getting the word...
...years, burr-topped Oliver Treyz, 43, has clearly been the leading candidate for both. Treyz is the man who became head of ABC's television operation in 1956 at a time when ABC was running a poor third to NBC and CBS. Treyz saw eye to eye with Goldenson, president of the parent company, American Broadcasting-Paramount Theatres, Inc., who viewed television as a sort of mammoth neighborhood movie house with seats for 165 million. Goldenson and Treyz set about to win a following among U.S. televiewers by feeding them very much the same sort of fare they used...
Treyz's services, said the official announcement from Goldenson, would be utilized "in other areas, aside from broadcasting...