Word: penn
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Dates: during 1950-1959
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...first of two away League games this weekend--the varsity plays at Penn Saturday night--the Crimson will oppose what Coach Wilson calls "the toughest game of the year." Columbia has four veterans back from last year's team, which rolled up a 15-9 mark, tying for second in the Ivy League...
...University of Pennsylvania, there was much ado last November over the merits of Steve Sebo as coach of the Penn eleven. Players voted in favor of ending his reign. Their sentiments received backing from the Dally Pennsylvanian, most of the student body, and many alumni, but Penn's president, Gaylord P. Harnwell, did not recognize these pressures and recently rehired Sebo for another term as head coach...
...angry reply, Silberstein denied that he ever acted as middleman in the sale of Fairbanks, Morse stock to his own company. He admitted that Penn-Texas 1) sold off some of its properties and leased them back to raise capital and 2) bought Fairbanks, Morse stock for $45. But he thought both were good deals. Fairbanks, Morse stock now sells for $56, said he, and Penn-Texas is on solid financial ground, is not being pressed by the banks from which it borrowed, had nine-month earnings...
Family Feud. Seeing these figures, Penn-Texas stockholders at last week's annual meeting slapped down the dissidents, gave Silberstein more ammunition for future swaps by voting to double the company's stock to 10 million shares (of which Silberstein now owns but 20,000). In the flush of victory, Silberstein charged that the revolt in his ranks was a Fairbanks, Morse device to frustrate his designs on their company...
Closing In. Silberstein, who likes to put on a coal miner's outfit when he visits Penn-Texas mining properties, is banking on this discontent to pay off at Fairbanks, Morse's next annual meeting, in March. At the last meeting he won four seats on the eleven-man board, with his supporters voted 431,492 shares to management's 836,546. The margin is much closer now. Said Silberstein last week: "I am confident that we and the stockholders opposed to present management now have control of Fairbanks, Morse...