In a crowded room in Washington, the Securities & Exchange Commission tried to unravel a mystery: Why had Financier Cyrus Eaton suddenly called off a deal to sell $11.7 million in stock for his old friend Henry Kaiser? This week, after two weeks of hearings, SEC had the inside story from Henry and Cy of the fiscal shennanigans that had set the old friends a-feuding.
Henry Kaiser got his licks in first. On the stand, he pictured himself as a trusting babe in the financial woods, led astray by Eaton and his Otis & Co. Kaiser testified that on the...
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