Word: pocketed
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Dates: during 1960-1969
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...Pocket. On behalf of himself and other small stockholders, Phillips charged that Bob Young had no right to make a deal in 1955 that gave 130,000 shares, or almost half of Alleghany's voting stock in Investors Diversified, to Texas Millionaire Clint W. Murchison. He also complained that Young, Kirby, et al had illegally used Alleghany funds during the Central fight by making loans that enabled Young's good friend Murchison to buy 800,000 shares of Central stock, thus insuring a proxy victory. Hauling the defendants through one court after another, Phillips demanded that they reimburse...