Word: papered
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Dates: during 1950-1959
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...suavely conventional Mr. Stevenson will have little trouble from the transparently opportunistic Mr. Lausche. The Democrats will be much better off running a paper doll that they can call their own than a Cellophane pol whose flirty-flirty eyes wink faithlessly at gods, men and political orthodoxy...
Employees of Cincinnati's Enquirer struck a soft spot in the hearts of newsmen everywhere nearly four years ago when they raised $7,600,000 to rescue the paper from sale to the opposition and to give themselves a share in its ownership (TIME, June 9, 1952 et seq.). Last week, though the Enquirer (circ. 206,408) is Cincinnati's most prosperous daily, the experiment came to failure. A block of securities that ensures working control of the paper went on sale to the highest bidder...
Trouble erupted in November, when Reporter James Ratliff Jr., who had led the employees' campaign, accused top management under Publisher Roger Ferger of feathering its own nest at the paper's expense. Ratliff lost his job, but gradually began winning his demands for a management shakeup...
...country's top financiers. It was Stuart who floated $6,000,000 in loans to swing the Enquirer deal and who still holds $1,500,000 in debentures, which are convertible into stock. The stock would give its holders working control of the paper...
Since the fight over management began. Financier Stuart has taken a dim view of Publisher Ferger, who now votes a majority of the paper's stock under a trust agreement. Once Ferger flew to see him in Chicago, and at the end of their conference said he was going directly to catch his plane back to Cincinnati. Stuart later checked Ferger's expense account for the trip, found that it did not jibe with Ferger's account...