Business: Managements Win

Irate minority stockholders in two investment trusts made attempts in Manhattan last week to oust their respective managements. A stockholders committee headed by Stockbroker Sanford Griffith and Thomas E. Brittingham Jr. of the famed Wisconsin Alumni Research Foundation wanted to turn out the management of Fourth National Investors, a $22,000,000 trust run by Fred Y. Presley, who also promoted and is still president of National Investors, Second National Investors, Third National Investors. There was little complaint about Mr. Presley's investment record, which is better than the sorry average (TIME, March 9). Though...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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