Word: simon
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Dates: during 1960-1969
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...Clumeck, Simon's itinerant board sitter and a funnel for the thousands of scouts and tipsters who now besiege Simon; Brokers Felix Juda of Sutro and Gustave Levy of Manhattan's Goldman Sachs & Co.; Graham Sterling, a Los Angeles lawyer and an expert on the intricacies of the Securities and Exchange Commission; and Hunt President Carl Kalbfleisch and Executive Vice President Harold M. Williams, who help Simon plan overall strategy...
Ulcers for 30 Years. Simon usually prefers power to title when he seeks to win a company, does not always insist even on board membership. "I prefer not being on the board of directors," he says, "if I can have a real and honest communication with the management. I don't think getting a seat on the board is tremendously significant, even in terms of getting information about what goes on inside a company. There's an awful lot of information that flows around Wall Street." When Simon is frustrated in his attempt to effect reforms, however, the qualities that...
Behind closed doors?and occasionally in public?Simon can become pretty rough with the men who get in his way. He knocks heads together mercilessly, usually replaces the old team with his own men (he is an unabashed raider of other companies' personnel, has already hired away 15 executives for Wheeling from other steel companies), gets so impatient that he frequently pounds the table and yells. Says Jean Fowles, whose husband sold Manhattan's Duveen Gallery to Simon for $15 million last year: "The thing about Norton is that he's terribly impatient with stupidity. When someone insists that 'this...
...Simon finds that admonition difficult to heed, though he clearly broods over the hostility he brings out in others. "My hostilities are usually showing," he says, in the vein of introspection of which he is so fond. "But I do get rid of my anger very rapidly. Some people are born with peace of mind. I was not. In the Dostoevskian sense, I am the suffering man; I know this about myself. And I know now that working my way out of it is a very gratifying experience. I have gone through a process of reconciliation with myself...
...Simon's friends are not necessarily surprised by the critics who accuse him of being harsh, stubborn and inconsistent. "I don't think he has a precise, eternal objective," says U.C.L.A.'s Murphy. "His objective changes. I think his fascination is with the process." As for Simon's wife, she seems to understand: "He may go to bed at night intending to fly to New York in the morning, but by morning he has changed his mind. He is extremely flexible, and I think it is because he is constantly in the process of becoming." People around Simon have...