CORPORATIONS: In the Stockholders' Interest?

The public had never heard of keenwitted Manhattan Lawyer Abraham L. Pomerantz until he bobbed up late last fall as counsel for Russian Spy Valentin A. Gubitchev. For that job Pomerantz got an undisclosed fee (from an undisclosed source) which he claims was "the biggest ever paid in a criminal case." But that was not his usual line of work; only twice before in his career had Pomerantz taken a criminal case.

Pomerantz' regular business is filing suits in behalf of stockholders against corporation executives whom he suspects of having pulled a fast...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!