Management: Blast from Simon

Los Angeles businessman Norton Simon is not an easy man to please, whether he is buying the paintings with which he surrounds himself or acquiring interests in a growing list of companies. The boss of the $400 million Hunt Foods & Industries, he is also a major stockholder in McCalls and several other companies, recently bought into American Broadcasting-Paramount Theatres and acquired a 23% interest in Canada Dry. Simon may crack a few executive heads behind the scenes once he takes over a company, but his takeovers have not been marked by public rancor. Last week, however, he let...