Word: soss
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...hand at many of the meetings were one or more of the growing band of professional hecklers of management. At General Electric's meeting, austere Chairman Ralph J. Cordiner endured an almost continuous harangue from Mrs. Wilma Soss, president of the Federation of Women Shareholders, who lectured him on everything from selling appliances to the difficulties of getting to Schenectady by train, peremptorily bade him "keep quiet" when he tried to interrupt. Texaco's Chairman Augustus C. Long was visibly rankled by a woman who accused him of not fighting hard enough in defense of the oil industry...
When Cordiner finished his explaining, the inevitable sniping began. Mrs. Wilma Soss, an inveterate needier at company meetings and president of the Federation of Women Shareholders in American Busi ness, waggled an arm at Cordiner and demanded that he resign. "You are an embarrassment to the company," she blared. "I am your employer...
...self-styled protector of small stockholders at corporate meetings is Xanthippe-tongued Wilma Porter Soss, fiftyish, who once showed up at a U.S. Steel meeting in a 1901 puffed-sleeve dress and ostrich-plumed hat appropriate, she said, for a management "50 years behind in its stockholder relations." With little stock (e.g., ten shares of U.S. Steel worth $831.25) but big ideas and a thirst for publicity, she has for a decade harassed U.S. Steel and other corporations, with small success...
Last week U.S. Steel was forced to go along with a pet Soss project. On proxy ballots mailed out for the annual meeting May 2, management included a Soss proposal that stockholders be permitted to vote on whether they want a secret ballot in proxy voting, the first such proposal in corporate history. She contends that so much corporate stock is held by employees that they need the protection of a secret ballot to vote against management proposals. When Mrs. Soss first petitioned the corporation for her proposal, it refused. Mrs. Soss took her case to the SEC, which, without...
Shouting and waving their arms, Gilbert and Soss demanded a full debate on the two points, charged that Young was "railroading" the meeting. At one point, half a dozen stockholders were on their feet, all clamoring for the floor at once. Angry and red-faced, Chairman Young declared them all out of order. Finally, unable to bear the heckling any longer, he rammed through a proposal "that any disorderly person be ejected...