CORPORATIONS: The Allegheny Battle

The widow of battling Railroadman Robert Young resigned in a huff from the board of the multimillion-dollar Alleghany Corp. last week—and thus set the stage for what promises to be 1960's liveliest proxy scrap. Anita O'Keeffe Young,* still ambitious and aggressive at 60-plus, quit to express her opposition to cold, stolid Chairman Allan P. Kirby, 67. It was a bitter end to a 25-year association. Kirby's inherited Woolworth millions had bankrolled Bob Young from the 19305 onward, had put him in command of Alleghany, which controls the New York Central Railroad, the...

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