CORPORATIONS: Shorn Lamb

It was a frosty morning in Akron last week when Toledo's Edward Lamb landed his private plane for the showdown in his fight for control of Seiberling Rubber Co. In the big ballroom of the Sheraton-Mayflower Hotel, where the Seiberling proxies were to be counted, Lamb's reception was even frostier. He was ignored by President J. P. Seiberling, who pointedly opened the meeting with a brief announcement that the old management had kept control. Thus Lamb learned that he had lost his fight to add the family-controlled company to his 30 other enterprises.

The shearing of Lamb was complete....

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