U.S. Business: Personal File: Oct. 19, 1962

∙Onto the board of New York's embattled Alleghany Corp. went Bertin Clyde Gamble, 64, the ex-Minnesota farm boy who heads the $140 million-a-year Gamble-Skogmo merchandising chain. Gamble, who recently bought 1,500,000 shares of Alleghany stock from Texas wheeler-dealers John Murchison and his brother Clint Jr., could yet emerge as the big winner in the feud between the Murchisons and New Jersey Financier Allan P. Kirby, who still owns 33% of Alleghany's common. Like Kirby and the Murchisons, Gamble is interested in Alleghany because it owns 47% of Minneapolis' Investors Diversified Services, a $4 billion complex of mutual funds. Rumor is that...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

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