Transportation: Charges of Reckless Driving

Under the highballing presidency of Leslie G. Taylor, Denver-based DC International, one of the biggest trucking firms in the U.S., has expanded rapidly, since 1963 has bought a major European road hauler and three in the U.S., and at the same time has consistently reported profit increases. So why is Taylor, who is DC's largest single stock holder (200,000 shares worth $3,400,000), now out of a job? Answer: his board of directors decided that Taylor was doing too much too fast—and was not consulting them enough.

In a confrontation with Taylor on July 21, when he was just back from...

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