CORPORATIONS: Quality on the Block

To Manhattan Real Estate Man Irving Maidman, Tiffany & Co. resembled a piece of valuable antique silver, badly in need of polishing. Sure that big profits awaited the polisher, Maidman began buying Tiffany stock early last year. By early 1955, claiming control of almost 10% of the company's 132,451 shares of stock, he asked Tiffany President Louis de B. Moore for a voice in management, demanded that the store catch up with "modern merchandising" (one of his suggestions: sell Tiffany's silver polish in chain stores).

Moore, who with the Tiffany family and others, claims control of 55,000 shares, turned down...

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