Word: wolfsons
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...General Elad Pelled, an infantry division commander, is now deputy managing director of Israel Electric Corp., the government power monopoly; ex-Brigadier Dan Tolkowsky, a former air-force commander, is managing director of Discount Bank Investment Corporation Ltd.; Chaim Herzog, a former chief of military intelligence, manages Sir Isaac Wolfson's diverse interests in Israel...
...ordinary in Washington. But congressional Democrats, who were smarting from charges of corruption during the Truman Administration, seized their opportunity and drove Adams from public life. Former Supreme Court Justice Abe Fortas exercised bad judgment when he accepted a retainer from the foundation of Financier Louis Charles Wolfson, whose case was due for review by the court. Yet Fortas might have been able to keep his seat on the bench if he had not been associated with the wheeler-dealer politicking of Lyndon Johnson, or so closely identified with the liberal, activist opinions of the Warren court...
...Arnold & Porter, the debate over the embattled ex-Supreme Court Justice continued for weeks and posed an agonizing dilemma: Should the firm welcome him back? The decision lay with the 34 partners, and at first many seemed inclined to forgive Fortas' questionable relationship with convicted Stock Manipulator Louis Wolfson. Then a number of partners began to harden their view. In the end, only Founding Partners Paul Porter and Thurman Arnold argued strongly for their old colleague (Fortas' wife Carolyn, also a partner, abstained). By an overwhelming majority, the partners have now reached "an understanding": Fortas will...
Unanswered Questions. Certainly Douglas' ties with Parvin were not comparable to Fortas' involvement with the Wolfson Family Foundation and its founder, jailed Financier Louis Wolfson. Yet there were some curious links between the two cases. For one thing, Parvin had been named a co-conspirator -but was never tried-in a securities-law violation case along with Louis Wolfson. Moreover, the Parvin Foundation derived its income from Albert Parvin's ties with Las Vegas gambling operations. This raised a question similar to the central issue of the Fortas affair: Should a Supreme Court Justice be judged...
...court's integrity, Justice William O. Douglas, a court veteran of 30 years, resigned from the presidency of the Parvin Foundation from which he has received about $12,000 annually for the past seven years. Though his relationship to Parvin was certainly less objectionable than Fortas' tie with the Wolfson Family Foundation ?the contract was not for life, for one thing, and Douglas' duties were spelled out precisely?the connection was still questionable and invited the accusation of poor judgment at least. The foundation until recently had derived income from Las Vegas gambling operations. Even after Douglas quit...