Word: landa
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Dates: during 1960-1969
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...with a vengeance at New York's ailing Fairbanks Whitney Corp.-and the tune that calls the winner often sounds like a dirge. First there was Financier Leopold Silberstein, who began building the company in 1951 with grandiose plans for its future. Then there was Corporate Raider Alfons Landa, who after a proxy battle forced out Silberstein in 1958. Landa brought with him a former publicity man and legman for Drew Pearson named David Karr, who deftly worked his way into the president's chair when Landa vacated it in 1959. Karr then moved himself up to chairman...
...DENNIS LANDA...
...ALFONS LANDA...
...TIME stands by its story, but grants that Mr. Landa, being so closely involved, may read it in a different light...
Board-Room Battlefield. By installing himself as chairman of the executive committee, and his protégé Karr as president, Landa thought he had assured himself of control of Fairbanks Whitney. But before long, the new board of directors began raising a hue and cry about mismanagement. Last May, after a 1961 loss of $83,600 on sales of $141 million, Landa resigned as an officer of the company. Subsequently, a score of lesser Fairbanks executives scurried off, and those who remained behind were so absorbed in boardroom battles that no one was left to mind the store...