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Selling Off. Merritt-Chapman's fate was to be taken over in 1951 by Louis E. Wolfson, now 55, perhaps the U.S.'s most renowned corporation raider. Since he became the principal shareholder Wolfson has been stung with a dozen suits by angry investors, last fall was indicted by a federal grand jury on charges of fraudulent dealings in Merritt-Chapman stock, which could cost him 14 years in jail...

Author: /time Magazine | Title: Management: Hauling Down the Horse Flag? | 3/10/1967 | See Source »

Should Merritt-Chapman & Scott, by some stroke of genius, avoid liquidation, it would have to get along without Wolfson. Stung by the suits and charges against him, Wolfson protests that "when you can't be an individual, a pioneer, I'm getting out." Israel Merritt had a different view of pioneering...

Author: /time Magazine | Title: Management: Hauling Down the Horse Flag? | 3/10/1967 | See Source »

...Americans, aided by South Vietnamese forces, moved cautiously through the area, the ground was still so hot from napalm that the troops were unable to crouch; the only survivors of the scorched earth seemed to be millions of aggressive red ants, which climbed over the troops and stung them as they advanced...

Author: /time Magazine | Title: South Viet Nam: Destroying the Haven | 3/3/1967 | See Source »

Cynical/Rabbinical. To watch the twelve features in the series is to watch Hollywood at its brilliant best and its wilted worst. Her earliest appearance is in Office Blues at 19, when, in spit curls and bee-stung lips, she boop-a-doops: "I hate to urge a man/But he acts like a clergyman . . . I'm so cynical/ He's rabbinical...

Author: /time Magazine | Title: Movies: Ginger Peachy | 2/10/1967 | See Source »

...plotters, the opportunity to pull the rug out from under Erhard came in late October, when he tried to persuade the Free Democrat members of his coalition Cabinet to go along with the tax increase required to balance next year's budget. In the end, stung by accounts that they were caving in to Erhard, the Free Democrats chose to save face by quitting the Cabinet and taking their 49 seats in the Bundestag along with them. Erhard was thus left with West Germany's first minority government. His position was untenable; but who would succeed...

Author: /time Magazine | Title: West Germany: Renewal on the Rhine | 12/9/1966 | See Source »

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