WALL STREET: A Wounded Animal

Between appearances in Federal court in Manhattan last week. Fancy Financier Alexander L. Guterma (TIME, Feb. 23) took time out to pass his own sentence. Bleated he: "I'm a mortally wounded animal. I've been completely ruined and discredited before any determination by the courts." There was little doubt that Guterma, charged with fraud by SEC, spoke the truth.

Guterma resigned as chairman and president of F. L. Jacobs Co., the diversified holding company for his 13 (at last count) corporations. In as chairman went beefy (225 Ibs.) Hal Roach Jr., whose heavy interests in Hal Roach Studios and Mutual Broadcasting...

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