CORPORATIONS: Life Begins at 60

One day last summer, President Elmer Holmes Bobst of the Warner-Hudnut drug and cosmetic company phoned the head of Maltine Co., $3,000,000-a-year maker of drugs. "How about lunch today?" he asked. Replied Maltine's James Chilcott: "I'm just about to take off on a fishing trip. Is it really important?" Answered Bobst: "I just want to talk to you about buying your company."

Last week the talks which began in July ended successfully for President Bobst. In a stock swap deal, he bought control of the Maltine Co., set up its Chilcott drug-producing laboratories...

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