Word: wolfsons
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More newspapers and magazines are assigning individual reporters, or groups of them, to work full-time searching for exposés. Some notable scoops have resulted. LIFE, for instance, revealed connections between Abe Fortas and Financier Louis Wolfson, who was later imprisoned, that eventually forced Fortas to resign from the Supreme Court. A team working for the Long Island paper Newsday counts 21 indictments, seven convictions and 30 resignations of public officials and businessmen as a result of its stories. Other journalistic sleuths have won national recognition for local digging; in the past four years, exposes of harbor-commission bribery...
...capital, passengers sweltered or froze in antiquated buses and the books were in chaos. Chalk promised a new deal, then set about proving that he was as adept at running an essential public service into the ground as the man he bought it from, Wheeler-Dealer Louis Wolfson. Things did get better for a time before they got worse, but today Washington's transit system is a shambles, threatened with financial crisis, a crippling drivers' strike and Government takeover...
...comes to larceny, I'm betting on the businessman," he said. "The Mafia-they're tough guys-but they're only trying to steal as much as the Protestant bankers do. And they don't succeed. In their wildest dreams, they didn't think of stealing as much as Wolfson could...
Entrenched managements usually try to brand those who start proxy fights as "raiders" or, in the epithet applied by Montgomery Ward executives to Louis Wolfson and associates, "financial pirates." Executives of Minneapolis-based Honeywell Inc. can hardly take that line against one discontented stockholder. He is Charles Pillsbury, 22-year-old scion of the family that founded the flour-milling Pillsbury Co. Far from seeking control of Honeywell, young Pillsbury, a senior in Latin American studies at Yale, is trying to convert the proxy fight into an instrument of protest against the Viet...
...such change. They prize the clubby atmosphere of the high marble halls where the tie that binds is mostly old school. The membership, at last count, included four former cabinet members (Hogg, Maudling, Sandys and Thorneycroft), more than 50 M.P.s, mainly Tory, Tycoons Charles Clore and Sir Isaac Wolfson, Lord Harlech, five dukes, eight marquesses, 39 earls, 90 knights and 113 baronets...