FOREIGN TRADE: Is Everybody Happy?

An acquaintance once described plump, persuasive Albert Saitz, 37, as perhaps the best shoe salesman in the U.S. But three years ago, when he was treasurer and chief operating executive of Boston's Fleetwood Athletic Shoe, Inc., Salesman Saitz came a cropper. Fleetwood, which had been financed largely by Saitz's father-in-law, went bust. Saitz insists that he got out of the company while his in-law paid off the creditors at 37½¢ on the dollar and borrowed more, including $35,000 on the property, from Boston's Pilgrim Trust. Eventually the company closed down.

Soon afterwards, on a trip to Italy, Salesman Saitz thought...

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