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Sentry Insurance Chief Defends Proposed Reorganization
John W. Joanis, president of Sentry Insurance, defended a multimillion dollar reorganization plan for Hardware Dealers Mutual Fire Insurance, denying wrongdoing and asserting plans to protect the company from takeovers. He acknowledged amended terms would issue policyholders low value stock in exchange for equity while denying formal talks with Gov Knowles on conflict of interest laws.
MENTIONED IN THIS ARTICLE
Madison
Sentry Insurance Co
John W. Joanis
Sentry
Hardware Dealers Mutual Fire Insurance Co
Joanis
Stanley du Rose
Mutual
Bernard Webb
Webb
U.S. Senate
Coun
Sen. Proxmire
Warren P. Knowles
Knowles
Harold Froehlke
Stevens Point
Hardware Dealers Mutual
Froehlke
Defense
Edward Nager
Joanism