Magazine content is available exclusively for TIME subscribers.Business: Suing Bluhdorn
More than honor is at stake
Charles Bluhdorn, the ultimate conglomerateur who merged some 150 companies into the $5 billion-a-year Gulf & Western Industries, is a tough, autonomous type, well known for his flamboyant and freewheeling manner. Last week, in a 60-page civil suit, the Securities and Exchange Commission charged G &W, Board Chairman Bluhdorn and Executive Vice President Don F. Gaston with "fraudulent courses of conduct."
The complaint follows a three-year investigation, aided by the confessions of Joel Dolkart, G& W's former general counsel, who was convicted in 1976 of forging...
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