CORPORATIONS: The General & the Heckler

For Old Soldier Douglas MacArthur, the job of presiding over the annual meeting of Remington Rand in Buffalo, N.Y. last week was his first such assignment since becoming chairman of the board last July. MacArthur soon found his position under fire from a brash stockholder named Lewis D. Gilbert, who claimed to represent 3,800 shares, and makes a business of heckling at annual meetings (TIME, Nov. 24).

Spokesman Gilbert, a World War II Army corporal, stood up to say that he was "seriously concerned" because MacArthur held no Remington stock. "We think." said Gilbert, "that all directors, including the distinguished American...

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