Last year Irving Ter Bush, founder of Brooklyn's big Bush Terminal Co., regained control of his corporation after a long, confused, mysterious proxy battle (TIME, March 23, 1933). Few weeks later Bush Terminal subsided into receivership. Last fortnight the receivers asked Mr. Bush to resign as head of the various subsidiaries (which are not in receivership). Mr. Bush angrily refused. Last week the receivers, voting the stock in the subsidiaries, unceremoniously ousted Mr. Bush, put in their own managements. Irving Ter Bush retained the dubious title of president & chairman of the parent...
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