Word: raider
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...private schools, the best public institutions can now get the best professors-a fact witnessed by academic recognition of Berkeley as a finer all-round school on the graduate level than Harvard. Massachusetts now pays full professors an average $17,300-and President John Lederle is an aggressive raider of private-university faculties. Among his recent catches: University of Chicago Mathematician Marshall Harvey Stone, N.Y.U. Botanist Oswald Tippo, Yale Physicist Robert Gluckstern and lohns Hopkins Astrophysicist John D. Strong, who brought $1,000,000 in equipment with him. "We're not trying to create an Ivy League college...
...Solid Raider Lineup...
...Ling played the visiting Rotarian. In a telegram to Allis-Chalmers' board, he offered to pay roughly $45 a share for 51% of the company's common stock-then trading at about $35 -if the board would give its O.K. Such politeness hardly suggested a Texas raider, and Ling himself soon ventured out to win the heart and mind of Milwaukee. He phoned Allis-Chalmers directors, then took Roscoe G. Haynie, formerly president of Wilson & Co. and now an L-T-V director, around to the Milwaukee Journal as living proof that bought-out bosses do not just...
Selling Off. Merritt-Chapman's fate was to be taken over in 1951 by Louis E. Wolfson, now 55, perhaps the U.S.'s most renowned corporation raider. Since he became the principal shareholder Wolfson has been stung with a dozen suits by angry investors, last fall was indicted by a federal grand jury on charges of fraudulent dealings in Merritt-Chapman stock, which could cost him 14 years in jail...
...bought a controlling interest in the Springfield papers back in 1960. But voting rights to a large block of stock were not to be his until September 1967. In the meantime that stock was to be voted by the papers' management, which regarded Newhouse as a foreign raider and would not even let him look at the company's books. Newhouse fought back by filing a flock of lawsuits; he charged that the papers' profits were being haphazardly poured into the already swollen employee pension funds. In turn, the newspapers ran stories belittling their boss...