CORPORATIONS: International Intrigue

In his fight for control of Fairbanks, Morse & Co., Financier Leopold Silberstein operated with all the cloak-and-dagger tactics of international intrigue. He masked his buying of F-M stock by using Swiss banks, which are forbidden by law to reveal names of customers, and by making purchases from a handful of mysterious sellers who collected hundreds of thousands of dollars in profits for helping Silberstein. All told, said Silberstein last week, his Penn-Texas Corp., a grab bag of 20 companies has bought—or agreed to buy—some $35 million in F-M shares. He can...

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