The day of reckoning came last week for pudgy, polished Leopold Dias Silberstein, 53. In the Manhattan board room of his failing Penn-Texas Corp.. directors bounced Silberstein from his two top jobs and turned them over to a pair of "neutral" directors who swing the power balance on the board. Although Silberstein held on to the presidency, his chairmanship of the executive committee went to Milton C. Weisman, 62, law partner of New York City's Congressman Emanuel Celler, and his board chairmanship fell to Banker Aaron L. Jacoby, 63.
Since November, the executive committee has made the decisions that Silberstein...
To continue reading:
or
Log-In
