Word: pergamon
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...into other areas and adding insurance and data-processing operations, he has built the company into a business with assets of $400 million. When Steinberg, a tall and portly man, announced last summer that he intended to make a $60 million bid for the London scientific publishing house of Pergamon Press Ltd., Britons viewed him as a brash Yankee millionaire-one of those action sculptors who hammer out free-form conglomerates. This impression was fortified by Leasco's on-again, off-again tactics. After withdrawing the offer in a falling-out with Pergamon's chairman, Robert Maxwell, with...
...book, a true book" and "too American" to sell. As for gain, she said, her firm had sold 11,247 copies and netted only $3,315.20. Appearing for the prosecution, Dr. Ernest Caxton, an authority on homosexuality, called the book an "extremely dangerous" guide to homosexual experimentation. Book Publisher (Pergamon Press) Robert Maxwell, a Labor M.P., blasted it as "sociological material with filth and muck just added for profit...
...sets at $300 each), Maxwell last week brought out a new 15-volume edition of Brit ain's highly regarded Chamber's Encyclopaedia with which he confidently expects to capture some of the 99% of the world market held by U.S. publishers. Eighty percent of Pergamon's output is already sold abroad in 123 countries, including the U.S., which accounts for half of the company's exports. "If there were 50 other firms in Britain doing what we are," boasts Maxwell, "we wouldn't have a balance of payments problem or a wages freeze...
...family's one-room Carpathian mountain home at 16 to join the underground fighting Hitler. Later he made his way to Britain, joined the British army as a private, left as a captain. With the profits of some shrewd postwar trading in German scientific manuscripts, he bought Pergamon in 1951 for $36,400, cajoled experts from all over the world into writing scientific tomes for him. Fluent in nine languages including Russian, he won a virtual corner on rights to Soviet scientific works by face-to-face salesmanship with Nikita Khrushchev. In the process, he also persuaded the Soviet...
...Corner. Pergamon is nominally London-based, but Maxwell runs his flourishing empire ($2.3 million profit on $14 million worth of sales last year) from his 19th century manor house near Oxford, which serves as the office for 400 of his 2,500 staffers. Handsome if beefy (6 ft., 230 lbs.), Maxwell lives in "one small corner" of Headington Hill Hall with his French-born wife and eight children, devotes mornings to his business, afternoons and evenings to Parliament, to which he was elected as a Labor M.P. two years ago. Characteris tically, Maxwell was the first member to make...