Word: webbe
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Physiologists Henry Buchtel and Giovanni Berlucchi recall that a question asked in a classic 1950 history of experimental psychology-"Where or how does the brain store its memories? That is the great mystery"-is still unanswered a quarter of a century later. Psychologist Wilse Webb cheerfully admits that after years of research on sleep, he still does not understand its purpose...
...John Webb...
...intrusion. Last October, before the Sinatra group was rebuffed in its attempts to gain representation on the board, Greenspun filed a suit charging mismanagement and misappropriation of funds against the present corporate management. His special target: Chairman and President Robert H. Johnson. Johnson is also the executor of Del Webb's estate, which owns about a third of the stock, and the principal director of the Del Webb Foundation. "What is good for the estate is not necessarily good for the public company," argues the pugnacious Greenspun. "What is good for the foundation is not necessarily good...
Fighting back hard, the company launched a suit against Sinatra, Rudin and the Greenspuns, charging that they had sought to force Webb to hire certain entertainers for the Nevada casinos and to sell certain properties. "Their allegation is absolutely untrue," says Greenspun...
Faced with the defiance of the Webb board, Sinatra and Rudin last month evidently decided that their most effective course of action was to declare what amounts to a corporate war. After the 14B filing, Sinatra and Rudin were unwilling to say whether they were aiming for total control of the Webb Corp. or for merely one to three seats on the board. But it seems probable that Sinatra will settle only for his way-and that would mean control...