PETROLEUM: Stockholder Rich

It was foggy and icy in St. Louis, Mo., one morning a month ago. Even crows were walking. Fogbound at St. Louis Airport was small, pert, impish Leo Herbert Rich, industrial consultant. With a pocketful of proxies he had flown from New York City to make a fight at a stockholders' meeting of Barnsdall Refining Corp. The meeting was in Tulsa that afternoon, and unless he got there in time, a deal was going through whereby the individual stockholders were going to be reduced to a mere 13% minority and control of the company was going to return to Barnsdall...

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!