Business & Finance: In Wilmington

Two hundred of the 250,000 stock-holders of Transamerica Corp. went to Wilmington last week for the annual meeting, determined to support Amadeo Peter Giannini in his attempt to oust Elisha Walker's management (TIME, Feb. 15). Much sooner than was expected the 200 stockholders heard what they wanted, yelled and cheered. For their votes and other votes gave founder Giannini 15,371,578 votes out of 24,153,900.

Members of the new Transamerica board, most of whom are "dummies" to be replaced later by Californians. elected Mr. Giannini chairman. Taking a last crack at the Walker management, Mr....

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!