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Show 10 gggg m Bradshaw Salt Lake in the Continual from page permission from his client, Fine also declined to ask Ludwig whether that information could be made public. Bradshaw's cousin, G. Blair Bradshaw, may be leaving the company's board o directors too. Blair was American president and general manager for 13 years before Howard took the helm. Blair has been with the s&l for over 32 years; Howard for 26. Neither Bradshaw' would comment on the reasons for Dinner Meetings, Receptions, Open House, Conferences, Seminars and other such functions NEED NOT POSE PROBLEMS veteran planner A can help you arrange it, or do it for you. A UNIQUE NEW SERVICE CALL GARY HANSEN 328-286- 8 the changes, saying that negotiations were still too delicate. Blair, apparently, has not yet signed termination agreement, Howard has. a but The big guy Well, if the ch"irman of the board is a little guy, its obvious that Ludwig, one of only two billionaires listed in the Guinness Book of World Records, iw the big guy, Ludwig, who made his fortune as an independent ship owner and now has business interests all over the world, has amassed 96 percent of American's 2.16 million shar- es outstanding. Howard Bradshaw is the last major stockholder who hasnt sold to Ludwig. Bradshaw has been reduced to handling public relations for the organization and e development of its Alpine, Utah, housing project (worth some SI. 8 million). One guess as to Ludwigs 180-acr- may be that he doesnt like to share ownerA Fortune magazine ship. article written about him last year stated he has never sold stock in any enterprise he controlled. But according to Alvey, Ludw'ig has held a majority interest in the company for some time, and controlled 68 percent last spring when he finally gave in to pressure from minority stockholders to make a tender offer for their thinly-trade- d offered Ludwig $15.50 a share and ended up owning almost everything. Couldn't be reached Alvey explained that Ludwig first became involved with American some nine years ago when he helped the company capitalize and later four other savings acquire and loan companies. Alvey became a director nine years ago too, and was brought to Salt Lake City a year and a half ago to handle the most recent merger with Pacific Savings and Loan of Hawaii. Alvey had been president of Colonial Savings and Loan in California, another Ludwig-owne- d enterprise. Needless to say, Ludwig could not be reached for comment. The Fortune article said he hasnt talked to a journalist since 1963. Hes not a Howard Hughes type recluse, however. People do see him and talk to him as he travels about the world on his business. Hes even been in Hear the American and National League Baseball Playoffs! An exclusive LIVE radio sports presentation on KWMS starting October 4th! Geothermal drilling set at Cove Fort weeks. 1 motives shares. past few But you dont call him he calls you. He wont let me or chairanyone contact him, man Wright said. Alvey called him a shy individual who doesn't want his name Both bandied about. indicated that Ludwig wanted to be able to walk the streets freely without being attacked Most of the or accosted. people in the world cant said attorney contact him, Fine. I lion guess if you had a bil- dollars, youd do the samething," Wright said. Blair Bradshaw' told the Enterprise American had belonged to two generations of his family since its beginning. The Bradshaws established Mutual Savings and Loan around 1923 and merged it with American Building and Loan in the 30s, taking over the new corporation. American Building at the time had a branch in Federal funds have been made available for a geothermal drilling project at Cove Fort, Millard County according to an announcement by Rep. Dan Marriott. The contract, awarded by the Energy Research and Development Administration, went to Union Oil Co. of Los Angeles. Marriott said the overall cost of the project is to be shared equally by ERDA and Union Oil and is not to exceed $5.1 million. Marriott said the contract calls for drilling and testing three 10,000 foot holes between now and June 30, 1981. Freight auditing firm bought Huvnii. The company today has 30 offices in the Hawaiian islands, along writh 18 in Utah. More shuffling Whatever the reason for the shakeup, it wouldnt appear to be a result of any losses in business. The 1976 annual report shows an high for savings all-tim- e inflow of $98.8 million and a record new loan volume of $162.2 million. The company also acquired Pacific, with assets of $60 million, last fall. According to Alvey, the company is one of the best capitalized firms in the state now with assets of $763 million. There will be further near future as the company ' organizes to handle its growing size, he said. Traffic Audit Systems, Salt Lake City, has purchased Merchants and Manufacturers Traffic Bureau, Inc. for an undisclosed price, according to Randolph D. Gibson, managing partner of Traffic Audit Systems. Merchants and Manufacturers Inc. was previously owned by Mount Olympus Waters Inc. and had been in business for over 70 years. This purchase will broaden our auditing capabilities," said Gibson. Traffice Audit Systems, in business since 1968, is a transportation freight auditing consultant. m m what FOR INFORMATION ON AND SUGAR WRITE... COCOA, COFFEE Uonfcon (fommobitt) tstyliouo, Vtft. 1341 SOUTH STATE. SUITE 210, SALT LAKE CITY. UTAH 84115 NAME ADDRESS CITY PHONE STATE . ZIP CODE - (801) 486-358- 1 |