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The article discusses the failure of proxy fighter Alfons "Art" Landa and former press agent David Karr to successfully apply management remedies at industrial manufacturing company Fairbanks Whitney. Landa has resigned as chief executive officer (CEO) of Fairbanks in May 1962 to devote more time to a new proxy war at building materials manufacturing firm General Fireproofing Co. Karr and Landa have been accused of mismanagement by the shareholders of Fairbanks Whitney.

The article offers news briefs related to various U.S. industries. Several national brewers boost their campaign strategies, which include advertising, packaging, and pricing, to improve their competitive status against their local and regional rivals. A judge in Denver, Colorado ruled that the non-signer clause in the city's fair trade act, which binds retailers to minimum prices, is unconstitutional. Pabst Brewing Co. will market its additional canned Tapa Cola flavors on April 1, 1955.

This section offers news briefs on North American business. American Telephone & Telegraph's (AT&T) lobby to have private communications systems under the Federal Communications Commission (FCC) is being challenged by the U.S. Department of Justice. West Germany's steel mills may have Northern Quebec's huge deposits of low-grade iron ore as its principal supplier. Due to financial difficulties, American Airlines drops out from their joint plant with Douglas Aircraft Company to develop a new cargo plane, the DC 7D.