Britain: The Reluctant Millionaires

"We are rather reluctant about becoming millionaires," says Peter Randolph, the managing director of Britain's Wilkinson Sword Ltd. " It is prob ably going to be more worry than it is worth." Regret it as he may, Randolph will have to grin and bear it. This week Wilkinson stock goes on sale on the London Exchange for the first time —and the value of the shares retained by Randolph and other members of the family-owned company will make them all millionaires overnight. To the owners of 192-year-old Wilkinson, this is only the latest indignity heaped upon them as...

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