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...Meadows bought most of his paintings. "They were charming-real artists, the biggest con men ever," says Meadows wryly. But he is not taking the A.D.A.A.'s judgment as final. While another French dealer, who sold Meadows seven fakes for $100,000, has already agreed to refund the Texan's money, Meadows is insisting that French experts render a verdict on the remainder...

Author: /time Magazine | Title: Painting: Meadows' Luck | 5/19/1967 | See Source »

...takeover as "a limited departure from our general goals," suddenly departed again-much to the shock of Cleveland's Glidden Co. Without warning, Glidden was hit with a Greatamerica tender seeking to buy 54% of Glidden's stock for $30 a share, or $107 million all told. Texan Troy V. Post, Greatamerica's president, was not saying why he wanted the comfortably prosperous (1966 sales: $352 million) food, chemical and paint company. But Glidden President William G. Phillips was quick to warn stockholders that "Greatamerica knows that Glidden stock is worth substantially more" than...

Author: /time Magazine | Title: Mergers: The Acquisition Front | 5/19/1967 | See Source »

...Texan Sherrill, in fact, had been a tough man to catch ever since the eighth grade, when at 15 he joined the Marine Corps and, before reaching draft age, was fighting on Bougainville. At 17, he landed at Guam and Iwo Jima, where he was winged in the arm. While at a Navy hospital, he took education tests and scored so high that he skipped high school to enter the University of Houston. From there he went to Harvard Business School. Returning to Houston, he became city treasurer and chief administrative officer in four years. Then he joined College...

Author: /time Magazine | Title: Federal Reserve: Neither Tight Nor Easy--for Now | 5/5/1967 | See Source »

...swear by Norman Vincent Peale. South Africa's Gary Player carries a copy of The Power of Positive Thinking around in his golf bag - and over the years has won the U.S. Open, the British Open, the Masters and the P.G.A. The newest advocate of Peale Power is Texan Gay Brewer Jr., 35, whose major claim to fame is that he has found more ways to lose tournaments than any other player in the game...

Author: /time Magazine | Title: Golf: Positively | 4/21/1967 | See Source »

More surprising is the fact that no client has ever before sued Foreman. A rich Texan charged with homicide once said that he could not decide whether to hire Foreman and spend the rest of his life in the poorhouse or gamble on a moderate sentence and keep his estate. If his clients lack cash, Foreman accepts anything else of value-boats, cattle, fiddles, limousines, washing machines. In and around Houston, he now owns 40 houses, an office building and several hundred acres of land...

Author: /time Magazine | Title: Fees: Bitter Candy | 4/7/1967 | See Source »

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