Canada: Zeckendorf Retreats

The reputation of William Zeckendorf, 58, as an irrepressible trader in land, leases and buildings hurt him last week in Canada. Under pressure from his north-of-the-border partners, he resigned as chairman of both Webb & Knapp (Canada), which is 63.5% owned by Zeckendorfs Manhattan-based Webb & Knapp Inc., and of Montreal's Trizec Corp., which is 49% owned by Webb & Knapp (Canada).

Like their U.S. parent, the two companies founded by Zeckendorf have fallen on lean times. Last year Webb & Knapp (Canada) lost $1,264,000, in part because of a slide in...

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