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CAT NAP: Activist Joseph Stilwell used this picture of William Schack, Harvard Illinois' former chairman, to try and persuade investors to support his agenda to sell the company. Harvard Illinois’ board called the photo "misleading."

Activist Circulates Photo of Napping Chairman in Fight with Ill. Bank

Joseph Stilwell used a photo of the then-chairman of Harvard Illinois snoozing at last year's annual meeting as part of his fight for representation on the board. Harvard's board accused Stilwell of waging his battle "in the gutter."

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