Word: pergamon
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Dates: during 1960-1969
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...into other areas and adding insurance and data-processing operations, he has built the company into a business with assets of $400 million. When Steinberg, a tall and portly man, announced last summer that he intended to make a $60 million bid for the London scientific publishing house of Pergamon Press Ltd., Britons viewed him as a brash Yankee millionaire-one of those action sculptors who hammer out free-form conglomerates. This impression was fortified by Leasco's on-again, off-again tactics. After withdrawing the offer in a falling-out with Pergamon's chairman, Robert Maxwell, with...
Steinberg wanted Pergamon for the 135 scientific journals that it publishes -solid assets for a Leasco data bank. "Over the years you build up an immense file of information," he says. "We can provide instant retrieval for that information." Presumably, Steinberg would like to sell this information directly to companies, governments and educational institutions in the U.S. and abroad...
During the takeover struggle, Steinberg remained in the background while the British Rothschilds, who acted as Leasco's advisers in the bid, rounded up the crucial 15% of Pergamon's stock that is controlled by staid bankers in London's City. That stock, added to Leasco's 38% holding in the company, put Steinberg over...
...book, a true book" and "too American" to sell. As for gain, she said, her firm had sold 11,247 copies and netted only $3,315.20. Appearing for the prosecution, Dr. Ernest Caxton, an authority on homosexuality, called the book an "extremely dangerous" guide to homosexual experimentation. Book Publisher (Pergamon Press) Robert Maxwell, a Labor M.P., blasted it as "sociological material with filth and muck just added for profit...
...Corner. Pergamon is nominally London-based, but Maxwell runs his flourishing empire ($2.3 million profit on $14 million worth of sales last year) from his 19th century manor house near Oxford, which serves as the office for 400 of his 2,500 staffers. Handsome if beefy (6 ft., 230 lbs.), Maxwell lives in "one small corner" of Headington Hill Hall with his French-born wife and eight children, devotes mornings to his business, afternoons and evenings to Parliament, to which he was elected as a Labor M.P. two years ago. Characteris tically, Maxwell was the first member to make...