Word: steinberger
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...Saul Steinberg once drew a bedraggled cube with a trail of bubbles overhead. In the largest bubble was a perfect cube, its sides impeccably straight. The cartoon was dreaming about its platonic ideal. If Saturday morning TV cartoons dreamed, the feature in the top bubble would be The Aristocats, the latest full-length feature from the Disney fun factory. Other animations, such as Heinz Edelmann's Yellow Submarine, may show more audacity. The melodies in Disney's earlier efforts have been richer. But for integration of music, comedy and plot, The Aristocats has no rivals...
...taking over major orchestras today are young, perhaps too young to command the positions they hold. Pierre Boulez has reached the stage where he is ready to take over the New York Philharmonic, but Michael Tilson Thomas is, alas, too immature for the arduous duties which. William Steinberg's illnesses have forced on him at the BSO. Seiji Ozawa is starting to change from 'the young conductor' to 'the conductor,' but he has yet to prove himself in the difficult circle of the conductors. Colin Davis is certainly ready to assume his role at the top of his field...
Tumultuous Meeting. Steinberg halted his takeover effort a year ago, but not before Leasco had spent some $22 million to buy 38% of Pergamon's stock in the open market. Last October a tumultuous stockholders' meeting voted Maxwell off the board and out of the chairmanship. Next month Leasco filed a suit charging Maxwell and his associates with conspiring to make false statements about Pergamon's earnings and financial condition. Leasco demands $22 million in damages; Maxwell insists that the suit is a "ploy," and is suing Leasco, alleging conspiracy to defraud...
...Price Waterhouse report also places Steinberg in a delicate position. To oust Maxwell from the Pergamon board. Steinberg obtained the backing of institutional investors who owned 15% of Pergamon's shares. Their price was an assurance that Leasco would bid for the shares it does not own within 60 days of receiving the Price Waterhouse report. Despite the dubious outlook for Pergamon's profits, Steinberg will soon have to make a bid, not only because he is committed to do so, but also because he has a $22 million investment to protect...
Underneath the curious financial structure of Pergamon is a sound publishing business with an impeccable reputation in the scientific community. "Despite everything, we are still keen on Pergamon," said Steinberg last week. "The editors and publishers are highly competent, and the long-run future looks good if we can get through this difficult time." Still, says Steinberg, the next time he tries to acquire a British company, he will be sure to tune in on the talk at a Fleet Street...