Corporations: A Prize for Agility

In the struggle by Investors Overseas Services to shore up its finances, the most puzzling phenomenon has been the proffered help of a little-known New Jersey manufacturer, International Controls Corp. It seemed odd that I.C.C. should be anxious to lend up to $15 million to the troubled mutual-fund complex despite opposition by I.O.S.'s temporarily ousted founder, Bernie Cornfeld. After all, European bankers from the Rothschilds on down had sidestepped urgent invitations to come to the rescue. Yet this week I.C.C. President Robert L. Vesco is due in Geneva to sign the loan...

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