Hardly had Chrysler President Lester Lum ("Tex") Colbert gaveled the annual meeting to order last week than Detroit Lawyer Sol A. Dann, owner of 5,100 Chrysler shares and a self-styled management "gadfly," started a harangue that lasted better than half of the 2½-hour meeting.
To hear Dannwho has turned in similar performances at Studebaker-Packard and American Motorstell it, Chrysler's directors were guilty of "nepotism, favoritism, payola, reckless disregard for the rights of shareholders, bribery, misconduct, perpetuation of themselves in office, creating a Pearl Harbor that would lead Chrysler to the same fate as Packard."
Colbert, at one point: "Are...
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