The heavyweight fight between Sosthenes Behn and Clendenin Ryanfor control of the International Telephone & Telegraph Corp. (TIME, Dec. 22)ended this week without so much as a knockdown. Behn remained in control of the $397 million empire, as he had been for 27 years. Ryan, who had tried to get 16 of the 23 directorships (and control of the corporation), had to settle for seven.* Said Ryan: "I am satisfied; it gives the stockholders a bigger voice."
*Ryan and his two principal backers, Financier Allan Kirby and Robert McKinney, cousin of Railroader...
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