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The Strife at Washington Bancorp
From:
The Washington Post
| Date:
October 17, 1988| Author:
RUDOLPH A. PYATT JR.
| Copyright 1988 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post.Copyright information
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Last week's attempted coup at Washington Bancorp may have
established new marks for hypocrisy and sheer chutzpah.
Power struggles have shaken the boardrooms of Washington banks
before, but it's doubtful that any compare with the surprise attack
on Washington Bancorp Chairman Luther H. Hodges Jr. by Saudi Arabian
investors, who own more than 27 percent of the company's stock, and
Robert B. Washington, a director of the company and partner in a
Washington law firm.
In recent y...
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