Word: murchisons
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...Pocket. On behalf of himself and other small stockholders, Phillips charged that Bob Young had no right to make a deal in 1955 that gave 130,000 shares, or almost half of Alleghany's voting stock in Investors Diversified, to Texas Millionaire Clint W. Murchison. He also complained that Young, Kirby, et al had illegally used Alleghany funds during the Central fight by making loans that enabled Young's good friend Murchison to buy 800,000 shares of Central stock, thus insuring a proxy victory. Hauling the defendants through one court after another, Phillips demanded that they reimburse...
Last week Stockholder Phillips won a signal victory. In an out-of-court agreement approved by a Manhattan federal judge, Murchison agreed to hand back to Alleghany's treasury his 130,000 shares of I.D.S. voting stock (thus giving Alleghany 48% control), in return for a like amount of nonvoting stock. In addition, the defendants will pay $3,000,000 in cash to Alleghany to settle the claim. Chairman Kirby will fork over $1,250,000; Bob Young's widow, Anita O'Keeffe Young, will pay another $1,050,000; and the remaining $700,000 will come...
...lists and staying there for months-despite the fact that, when it appeared in 1958, it attracted no more critical attention than its nonsensical content of pseudo medicine and pseudo science deserved. Probably least surprised by Folk Medicine's success was 64-year-old Texas Wheeler-Dealer Clint Murchison (TIME cover, May 24, 1954), a disciple of Dr. Jarvis' Honegar cult, who persuaded him to write the book and persuaded Holt to publish it-no trick, since Murchison controls Henry Holt...
Private Lives. But the Bahamas are a personal haven for the rich as well as a corporate haven for foreign companies. Clint Murchison Jr. soaks up the sun on a private island hideaway at Spanish Cay (rhymes with fee). Standard Oil Heiress Marion Carstairs and her half brother Francis Francis bought adjoining Whale Cay and Bird Cay. Longtime Alcoa Board Chairman Arthur Vining Davis built expensive Rock Sound Club, a public hotel, on Eleuthera. While he was at it, Davis put up the truly private Cotton Bay Golf Club (among the members: Laurance Rockefeller, General Nathan Twining), complete with Robert...
...name of God," cried the Rev. James Murchison Duncan last week from his pulpit in Washington's Episcopal Church of the Ascension and St. Agnes, "I forbid you attend the flower show at the Armory...