Word: ousting
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Such tactics were heavily criticized by Washington Attorney Alfons Landa, a Penn-Texas shareholder and expert proxy fighter (TIME, Dec. 17). He heads a Penn-Texas "protective committee," financed with $80,000 from Robert Morse Jr., which was formed to start a backfire and perhaps oust Silberstein from his own company. Landa charged that Silberstein himself has shared secretly in huge, illegal profits from his stock deals, is putting Penn-Texas in the hole by overborrowing and selling off company assets to finance the campaign against Morse. Some examples...
Elliot replied by asking Gaitskell if he had not heard of clubs which failed to oust objectionable members, but which neverthless "blackballed" new applicants...
...found no favor with the peasants, who boycotted the markets. Meanwhile, Hungary's military and aristocracy were rallying to another banner, that of Admiral Nicholas Horthy, a former naval aide to the Emperor Franz Josef and a naval hero in World War I. Horthy organized a counterrevolution to oust Kun, and Kun was forced to flee to Vienna (he later turned up in Russia, where Stalin executed...
Then began a striking demonstration of the power of the popular will. Some business and professional men formed a Front for the Defense of the Constitution. Their aim was to oust Magloire, their weapon was the general strike. With whispers and chain letters they spread the word...
...insurgents want to rid M-G-M of the influence of aging (74) Nick Schenck, now honorary chairman. They have two hurdles ahead. Not only must they actually line up enough proxies to oust Schenck and Schary, but they must find a competent man to replace Vogel. They have already offered the presidency to Leonard Goldenson, president of American Broadcasting-Paramount Theatres, Abe Schneider, vice president of Columbia Pictures, and Lew Wasserman, president of Music Corp. of America. All three turned it down. Said the Lehman-Lazard spokesman: "At February's annual meeting, the two investment companies will...