The heavyweight fight between Sosthenes Behn and Clendenin Ryan—for 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 Robert R. Young and chairman of Davis Manufacturing, Inc.; Houston’s George R. Brown, who helped finance the purchase of the Big Inch pipelines; National City Bank’s W. Randolph Burgess; Boston Shipbuilder Joseph Wright Powell; Missouri-Pacific Director J. Patrick Lannan.
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