Word: wolfsons
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...lyrics by Stella Unger are similarly undistinguished. (A representative sample went something like, "I'll fly from the blue horizon/ to the isle of I-love-you.") Miss Unger also co-authored the book, together with Victor Wolfson, basing it on a memorable old tear-jerker of a play which was later made into a movie. The present rehashing of the story about a World War I affair between a chanteuse of doubtful reputation and a Parisian sewer-cleaner has lost most of the pathetic appeal of the original. Instead, the authors introduce a trio of prostitutes for comedy relief...
...noisy meeting, attended by 2,500 shareholders in Chicago's ornate Medinah Temple last week, Sewell Lee Avery retained control of giant Montgomery Ward & Co., Inc. The proxy showdown found the forces of Louis Wolfson claiming only 2,125,000 shares, against a management claim of 5,400,000. There was little doubt that when the final tally was announced May 13, Wolfson would have no more than three, and possibly only one of the nine seats on the Ward board...
...Pyrrhic victory for Avery, for the meeting did give 43-year-old Challenger Wolfson part of what he had come for: public proof that 81 years had dulled the once razor-sharp mind of Sewell Avery. It would be invaluable ammunition for the onslaught Wolfson plans to make again next year...
...Wolfson forces began relentlessly to hammer Avery with questions from the floor. Desperately, the Ward group tried to shield the old man by putting the chair in the hands of Corporation Secretary John Barr. But Wolfson stockholders insisted on answers from Avery himself, and the old man, lost in the clangor of shareholders' cowbells and the booming of loudspeakers, seemed confused, often crying out, "I can't hear...
...point, his purpose accomplished, Louis Wolfson rose, oozing charity, and asked an end to the bull-baiting. "It seems that Mr. Avery is not in a position today to conduct this meeting," he said. "I will appreciate it if you will accept Mr. Barr as chairman." Then, in an aside, Wolfson told reporters: "This is the greatest corporate fraud ever perpetrated...