Word: landa
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...current king of the proxy fighters is a tough-talking, dapper Washington lawyer named Alfons Landa, who admits that his role in more than half a dozen battles has made him "as popular as a skunk." Last week Landa, 60, won his biggest battle by unseating pudgy Leopold Silberstein, 54, from the sick Penn-Texas Corp., taking over as president at $36,000 a year. (Silberstein will collect $40,000 a year for five years as an "adviser.") Landa got into the fight nearly two years ago when Chicago's Fairbanks, Morse decided to back him financially...
Since November, the executive committee has made the decisions that Silberstein once made. It can be overruled only by a three-quarters majority of the twelve-man board, where Silberstein controls five votes. The committee's members: Weisman, Jacoby, Silberstein and a newcomer, Alfons Landa, 60, leader of the anti-Silberstein forces. Landa thus got a strong position from which to reach for more control...
...tough-talking Washington law partner of onetime U.S. Senators Millard Tydings and James Duff, Landa has been a key figure in the proxy battles for many top companies, e.g., Fruehauf Trailer, and the current dispute over S. H. Kress. Late in 1956, Landa joined in the Penn-Texas fight along with Robert Morse Jr., whose Fairbanks, Morse & Co. was threatened by a Silberstein takeover. With Morse bankrolling the fight, Landa led last year's Penn-Texas proxy crusade that elected two anti-Silberstein directors. Landa was also a key man in forcing last November's shake-up that...
...Alfons Landa, Washington attorney, who is a Fruehauf stockholder and director. So grateful was Landa to Beck for saving the firm and his investment that he volunteered to split his profits from a stock purchase made possible by Beck's $1,500,000 loan. Informed that Beck had refused. Arizona's Senator Barry Goldwater chuckled: "This is the first time in all of these hearings that I have heard of Mr. Beck turning down anything...
...since Illinois law requires a two-thirds vote of shares for corporate merger, the Morse family holdings are enough to block any real union between the two companies. Moreover, if F-M stock drops after Silberstein wins-and Morse himself says it is much too high-the Morse-financed Landa committee may yet put Silberstein in hot water at Penn-Texas' own meeting in May by confronting him with some huge paper losses...