Agee resigns from Allied
The courtship was brief and tumultuous. Not surprisingly, the marriage was on the rocks before it really got started. After eight days as president of the combined company formed by the merger of Allied Corp. and Bendix Corp., William Agee, 45, decided last week to resign, effective June 1. Reason: Allied Chairman Edward Hennessy would not give him major responsibilities. Said Agee:
"I'm a realist. They're looking for a chief operating officer, and I wanted the job, but I'm no longer under consideration."
Agee and Hennessy were first thrown together in a fierce takeover fight last September. As chairman of...