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Ch. 4: Part II: Chairmanship de Beers

Ch. 4: Part II: Chairmanship de Beers Page of 688 Ch. 4: Part II: Chairmanship de Beers Text size:minus plus Restore normal size   Mail page  Print this page
190
SIR ERNEST OPPENHEIMER
of the directors here being so divergent', in order that the London directors should be fully conversant with the alluvial position. On 22 September 1927, L. A. Pollak in Johannesburg was informed by H. S. Johnson-Hall that:
Sir Ernest has had, what I think is, a slight attack of influenza and has not been very fit since Sunday. He has, however, continued the diamond negotiations which are somewhat at a deadlock, the formula being 'although I love you dearly, it is quite impossible for me to overcome Harris's objec­tion'. When I say that the negotiations are somewhat at a deadlock, perhaps that is putting it too strongly, because, personally, it seems to me on analysis that the attitude is a preliminary to compromise rather than an ultimatum before breaking. It has already been suggested also that Sir Ernest should make a 'beau geste' and give up the extraordinary good hand he holds at the moment, while abandoning his claim to the chairmanship; this of course, is not business. . . .
This was confirmed by a cable from Ernest Oppenheimer himself a week later:
. . . Rothschilds support me for the chairmanship and would like to acquire our alluvial interest(s) and S. B. Joel, while professing friendship, makes Harris excuse for opposition. Under the circumstances no deal with De Beers likely, as I will not deal without the chairmanship. Shall have full and final discussion with S. B. Joel early in next week; therefore delayed departure until 7 October.
It is evident that we will finally be forced further increase our holding in De Beers. . . .
The year was not to end, however, without a minor victory. In January of the year Ernest had reported to Louis Oppenheimer that:
Joel, who I feel convinced has really taken a great fancy to me, spoke to me about the chairmanship of the Premier company. While in Kimberley he discussed the matter with Harris who was enthusiastically in favour of my being appointed. He then spoke to Hirschhorn, who just as definitely objected. At Joel's request I spoke to Hirschhorn and the conversation was somewhat as follows:
I told him that Joel had asked me to speak to him, to which he replied that it was useless to say anything at all as his mind was made up, and he con­tinued that, to be perfectly frank with me, he did not admit that I knew any more than he did and, as he had been top dog so long, he was not prepared to sit 011 any board with me as chairman. I told him that that cleared the position and left it at that.
Ch. 4: Part II: Chairmanship de Beers Page of 688 Ch. 4: Part II: Chairmanship de Beers
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