Word: philanthropists
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Dates: during 1960-1969
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...Astor Foundation had been looking for someone like Graham since the 1959 death of Philanthropist Vincent Astor, when Astor's 179,700 shares, amounting to a 59% controlling interest in Newsweek, passed to the trust. Eager to sell Newsweek, the foundation promptly, though privately, began hunting a buyer. Among the handful of serious bidders was Newsweek Board Chairman Malcolm Muir, 75, who hoped to enlarge his family's 13% toe hold on the magazine with the Astor shares. But Graham's offer of $50 a share (which was about 24 times the magazine's earnings...
Died. Sterling Morton, 75, art patron and philanthropist, who was board chairman of the salt company founded by his father; after gallstone surgery; in Santa Barbara, Calif...
Harold Francis Under, 60, chairman of the Export-Import Bank. Wealthy Philanthropist Linder was a partner with Wall Street's blue-ribbon brokerage house of Carl M. Loeb, Rhodes & Co., then president of General American Investors...
Died. William Smith Mason, 94, historian and philanthropist who labored for 35 years to collect Benjamin Franklin's papers, donated the priceless collection to Yale in 1936; in Rancho Santa Fe, Calif...
Died. Fred F. Florence, 69, New York-born Texas banker and philanthropist who started in banking on the ground floor (as a sweeper), became president of the South's biggest bank (Dallas' Republic National) at 37, and was one of the first to recognize that below-ground oil was an asset fluid enough to lend vast sums on, thereby freeing other funds for exploration and production; of infectious hepatitis; in Dallas...