Corporations: Spin at Sperry

Sperry Rand Corp. produces a range of goods from hay balers and electric shavers to gyroscopes and Univac computers, but lately it seems to be turning out people faster than anything else. The first notable exit was staged last fall by George M. Bunker, whose Martin Marietta Corp. had bought 800,000 Sperry shares with a view toward a merger that both companies appeared to want. Soon discovering that he could not get along with Sperry's top management, Bunker resigned as a director and sold off Martin's shares in what was the biggest single...

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