OPINION BY JUDGE MENCER, March 4, 1976:
E. Franklin Bohl (appellant) was last employed by Allentown Converting Co. Since 1959, appellant held the office of president of the company; he was also a director of the company and owned approximately 25 percent (27,001 shares) of the stock in the company. His day-to-day duties consisted of managing production of the corporation's textile processing. The majority stockholder of the corporation was Leland Smith, who at various...
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