CORPORATIONS: Into Lamb's Fold

To the executives of Seiberling Rubber Co. of Akron, something ominous seemed to be going on last summer in the corporation's stock. Ordinarily inactive, Seiberling shares were moving up on the New York Stock Exchange in a way that indicated someone was buying large blocks. The someone turned out to be Edward Lamb of Toledo, a left-wing labor lawyer turned business tycoon who has amassed a $30 million empire (24 companies, six radio and TV stations, a newspaper). When the worried second generation of Seiberlings invited Lamb in for a chat last October, he appeared, but said little. That...

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