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Old grievances die hard

"Life is too short to be a minority shareholder in a company controlled by Erik Must. I don't have the health for it," said Norwegian media proprietor and investor Trygve Hegnar after selling his 30,2 per cent stake in Gyldendal Publishing House to his arch rival Erik Must on Monday.

Hegnar, who's held shares in the publishing giant for six years, has unsucessfully fought to gain a seat on board of the company for some time. He attributed the animosity between himself and Must to an incident some 30 years back when he, as a young journalist, wrote a less than flattering novel about the finance industry where one of the characters bore close resemblance to Must.

Sounds like a classic case of how old grievances die hard. However, Must refused to comment on Hegnar's claims. (links in Norwegian)


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