Tci: Who'll Vote The Chairman's Stake?

The death of a company's founder often creates uncertainty. When Bob Magness, chairman of cable-television giant Tele-Communications, died of cancer on Nov. 17, he owned 7% of TCI and had rights to vote 26% of its shares. Magness, a onetime Texas rancher and cottonseed salesman, launched his cable company in 1956 by stringing wire for 700 customers in Memphis, Tex.

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