Word: showdown
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...Freedom Palace, once the residence of French Commissioners, Premier Diem met the challenge with unexpected decisiveness, just as the U.S. was about to give him up as ineffectual. While Saigon reverberated to the bursting of 81-mm. mortar shells in the showdown fight against the Binh Xuyen, Premier Diem proclaimed: "I believe I am on the side of justice. I will not give...
...showdown began at siesta time on a warm, summery day. Premier Ngo Dinh Diem was sitting down to a late lunch at Freedom Palace when nine 81-mm. mortar shells thumped down around the grounds, killing a civilian and wounding a couple of soldiers. The Premier rushed to the phone. "The palace is being shelled," he told French Commissioner-General Paul Ely, his voice disrupted on the line by adjacent explosions...
Automakers, who have suspected that the U.A.W. will force a showdown with Ford first in its GAW fight, last week got another strong hint from the union. The General Motors contract had been due to expire May 29, two days before Ford's, thus making G.M. the first target. But last week the U.A.W. extended G.M.'s contract nine days, putting Ford under the gun first...
...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...
...down from the company's chairmanship after he wins the fight, and turn Ward's over to new, outside management. But Avery's closest backers denied the buzzing rumor. Said one: "Personally, I don't think he's ever going to resign." As the showdown at Ward's annual meeting neared this week, Wolfson, who two months ago had been singing victory hymns, changed to a more modest tune. Instead of predicting a majority of the nine-director board, Wolfson, who admitted that he has already spent $500,000 in his proxy battle...