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Notable New     Yorkers
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Andrew HeiskellAndrew Heiskell
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Session:         Page of 824

every time he said anything, that that's exactly what he meant. Whereas, if you know Texans, what they say is about ten times what they mean. So, when he'd make some casual statements, everybody in the company would get terribly nervous and upset. In fact, other than being always quite outspoken and shooting his mouth off--which he was quite good at--he did act exactly in accordance with our original agreement. And I guess he did become vice chairman, or something, of the Board, and he's now, as he reaches sixty-five, or whatever--maybe he's more than that, I guess--sort of calming down quite a bit. And of course now Temple-Eastex is out of the picture. But he was--

Q:

He's still on the board?

Heiskell:

Yes.

Q:

In other words, he still owns the Time stock?

Heiskell:

No, well--yes, he owns Time stock, but then, of course, it wasn't he who owned the stock, it was the family. And like all families, the stock gets spread around. Part of it is now in a foundation, and I don't even know who the trustees of the foundation are. Part of it has gone into taxes, part of it--the “Temple holdings” have been reduced considerably, the proportion. Temple Weber, who was the biggest owner of stock--a cousin of Temple--died about five years ago, and I don't know where that stock has gone. So it is no longer an issue. In fact, it never was an issue, except for





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