Word: sids
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When Texans Clint Murchison and Sid Richardson bought 800,000 shares of New York Central Railroad stock last March, it did not look as if they would hang on to it very long. The deal gave them the right to sell half of it back to Robert R. Young's Alleghany Corp. and to Young's crony and financial angel, Allan Kirby, at the same price they had paid: $25 a share. Last week they did sell a big chunk of the stock. Richardson sold 200,000 shares to Kirby, thus repaying the $5,000,000 that Kirby...
Buttons will undoubtedly be back, but the award-winning Your Show of Shows said goodbye forever. The five-year-old revue was one of the few shows to run 1½ hours and was notable for raising Sid Caesar and Imogene Coca to stardom, for television pioneering in ballet and opera, for its parodies of U.S. and foreign films, and for pantomime sketches. Both Caesar and Coca will appear next year in their own separate TV shows, while veteran Producer-Director Max Liebman will take on the new job of overseeing NBC's big color TV spectacles planned...
...major displacement of the venerable Voice of Firestone, whose semiclas-sical music has been heard for 25 years over NBC radio and for five years over NBC-TV on the same day and time (Mon. 8:30 p.m.). NBC pre-empted the Firestone time period for its forthcoming Sid Caesar show and was hopeful that Firestone would drop the Voice and sponsor Caesar. Instead, Firestone stubbornly insisted on staying with its old format of orchestra and opera singers, whose opening theme ( If I Could Tell You) and closing theme (In My Garden) were both written by Idabelle Firestone, wife...
...public statement. He had predicted that he would win the New York Central proxy fight by 700,000 to 1,000,000 votes. His actual margin: 1,067,-ooo, or 267,000 more than the disputed 800,000 shares voted in his favor by Texas Oilmen Clint Murchison and Sid Richardson. Central President William White, conducting his last stockholders' meeting in a hot, sticky office at the Albany railroad station, with blinds drawn for an air-raid drill, sadly made the official announcement that Young had bombed him out of his job. There would be no quibbling or court...
Texas Millionaires Clint Murchison and Sid Richardson, who parlayed their way from the oil business into the New York Central (see above), last week placed a bet at a different window. For some $1,200,000 they bought a 40% interest in California's Del Mar Race Track, and, said they, had "control." This time their goal was not profit, but charity...