Word: nonexpansionist
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...conference to issue his challenge. He, his brothers and associates, said Wolfson. had bought more than 105,000 of Montgomery Ward's 6,502,378 shares, making theirs the biggest single holding. They planned a proxy fight to unseat Avery and reverse his present tight fisted, cash-hoarding, nonexpansionist policies. Said Wolfson: "Montgomery Ward, as it stands today, is a glaring and notorious example of private enterprise in reverse gear...
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