OTHER NEWS - Aug. 10, 1995
<i> Times Staff and Wire Reports</i>
Reliance’s Steinberg Did Have Stroke: Reliance Holdings Group Inc. confirmed that Chairman Saul Steinberg, the takeover strategist, suffered a stroke in June. But the insurer defended its decision to keep the information from shareholders. Steinberg’s stroke, first reported on CNBC television on Tuesday, was mild and “not material” to the big insurance company’s operations, a Reliance Holdings spokesman said in New York. He is still recuperating at home from some minor paralysis. The 55-year-old chairman, who made headlines in the 1980s for attempted takeovers of Walt Disney Co. and other major corporations, lost no intellectual capacity, the spokesman said. Steinberg could not be reached for comment.
