NBC Evening News for Sunday, May 09, 1971
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(Studio) Investors Overseas Services Limited (IOS) turned into $150 million Company by Bernard Cornfeld until 1969 stock market trouble.
REPORTER: David Brinkley
(Geneva, Switzerland) Cornfeld forced out of IOS by mismanagement, stock market drop. Robert L. Vesco gained control of IOS by lending $5 million. [VESCO - says have cut IOS operating expenses from $90 million to $40 million.] Vesco must regain investors' confidence; overcome mismanagement reputation of IOS.
REPORTER: Ray Scherer
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