Preserve the multiple causes rather than reducing the sale to bankruptcy or a villain. Tennill disputes financial insolvency. Motives and alleged inferior stock disposal are participants' interpretations; acquisition documents and external evidence would be required to settle them. The report of archive destruction also explains the memoir's evidentiary limits.
Original PDF pagination in the supplied 291-page expanded ebook capture, not its displayed reader counters. This is an attributed paraphrase, not a quotation.
The sale account combines distributor-owned whiskey, low dividends, deferred plant investment, shareholder diversification goals, family voting tensions, failed negotiations in 1971 and a later agreement. Warehouse receipts generated cash before aging but complicated a shift to more profitable case sales and a buyout. Campbell dates the sale to June 30,1972 at about 19.5 million dollars in Norton Simon stock. Interviewees fear dilution of brand identity and describe destruction of historical material afterward.
249
238
Chapter 20 — financing, family control and the 1972 sale
Read against supplied PDF. Verification means source fidelity and locator checked, not independent validation of each historical or technical claim.
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Evidence
The sale account combines distributor-owned whiskey, low dividends, deferred plant investment, shareholder diversification goals, family voting tensions, failed negotiations in 1971 and a later agreement. Warehouse receipts generated cash before aging but complicated a shift to more profitable case sales and a buyout. Campbell dates the sale to June 30,1972 at about 19.5 million dollars in Norton Simon stock. Interviewees fear dilution of brand identity and describe destruction of historical material afterward.
Location and context
Original PDF pages 238–249. Part 1 holds original 1–97; part 2 holds 98–194; part 3 holds 195–291. These are not the ebook's reader counters.
Source section: Chapter 20 — financing, family control and the 1972 sale. Attributed paraphrase, not a direct quotation.
Annotation
Preserve the multiple causes rather than reducing the sale to bankruptcy or a villain. Tennill disputes financial insolvency. Motives and alleged inferior stock disposal are participants' interpretations; acquisition documents and external evidence would be required to settle them. The report of archive destruction also explains the memoir's evidentiary limits.
Verification
Read against the supplied source. Verified refers to source fidelity and recoverable location, not independent confirmation of every claim.