Magazine content is available exclusively for TIME subscribers.MANAGEMENT: A Diversified Storm
From the directors of Investors Diversified Services, the nation's largest group of mutual funds (assets: $3 billion), came a terse announcement: a special meeting of stockholders was going to be convened to remove Clint W. Murchison Jr. and his brother John from the board. The reason for this action, explained the directors of the group, which is controlled by Alleghany Corp., was that the Murchisons refused "to cooperate with the company's finance and law committee."
The move against the Murchisons was another round in the fight for control of I.D.S. (TIME, Jan. 4), may well be the opening wallop in...
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