Word: raiders
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What frustrates him for months is that the raider is not a U-boat at all, but a heavily armed surface vessel well disguised as a merchantman. The raider, the Atlantis, flies whatever flag is convenient, and carries its sham to the point of decking seamen out as female passengers-wigs, parasols and all. When a target is sighted, the Atlantis steams close by, runs up the swastika and lowers the false packing cases which hide its guns. The raider's captain, played by Van Heflin, is a gentleman who, in his student days, rowed against Cambridge...
...widely scattered that shareholders have little say in how their money is used. Large stockholders, who might wield power, often dodge the issue. If dissatisfied, they simply sell out and put their money elsewhere. The one man who is still a threat to unbridled corporate power is the raider. Though he is now considered "almost illegal," says Dean Rostow, he performs a useful service by getting rid of deadhead management, or even by carrying on a fight that frightens management into reform. One suggestion for restoring the stockholders' voice: trustees to vote their shares, watch out for their interests...
...Indiana University ('30), Barr joined Ward's legal staff in 1933, proved his skill by helping to prepare the case that eventually voided President Roosevelt's seizure of Ward's during a 1944 labor dispute and masterminding the successful proxy battle against Raider Louis Wolfson in 1955. Barr still admires his old boss, refuses to criticize him. Says he: "He was one of the nation's best merchandisers. He grew old, that...
...Britain boarded U.S. ships before the War of 1812, and the U.S. boarded vessels at various times thereafter: during the Civil War, in Prohibition days. In the South Atlantic a few months before Pearl Harbor, a party from the U.S. cruiser Omaha boarded and interned the German merchant raider Odenwald, which was masquerading under U.S. colors. The U.S. made a tentative stab at visit and search in 1954, when it asked Britain and other allies to permit U.S. Navy ships to seize any arms shipments bound for revolution-torn Guatemala. Britain's cold reply: "There is no general power...
Playhouse 90 (CBS, 9:30-11 p.m.). Loring Mandel, yet another playwright preoccupied with the fate of Organization Man, tells about a company raider...