Gradco Founder May Be Ousted From Subsidiary:...
From Times Staff and Wire Reports
Gradco Founder May Be Ousted From Subsidiary: Plenum Publishing Corp. Chairman Martin E. Tash, who succeeded in wresting control of Gradco Systems Inc. from its founder Keith B. Stewart in a bitter proxy fight, said he would seek to remove Stewart from control of Gradco’s Japanese subsidiary as well. Stewart said Wednesday that he would resign as chairman and chief executive of Gradco after learning that Tash and his supporters won a majority of positions on the company’s board through a proxy vote. However, Stewart said he would remain chairman of Gradco Japan, the company’s profitable subsidiary.
