Word: allmans
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Having made it selling for Max (and later for Revlon), Matchan set off at age 40 to make lipstick cases on his own, soon hit on his formula for a con glomerate. The key was Cope Allman, a down-and-out Birmingham maker of brass bedsteads, which he bought for its major asset: a stock-exchange list ing. By floating new issues and a lot of publicity, Matchan was able to finance a flood of plants beyond England (where his company now accounts for 90% of lipstick-case output) to France (100%), Australia (80%) and elsewhere. With other companies...
Most businessmen credit U.S. merg er makers with the invention of cor porate conglomerates - companies that grow by garnering others in unrelated fields. Not Britain's Leonard J. Matchan, 55, president and chairman of London-based Cope Allman Interna tional Ltd., who was in New York City last week to plug a venture...
Since 1956, he has spun together no fewer than 150 companies. They range in size from 14 to 1,400 employees, have plants in 13 countries, serve mar kets in 70. Pouring forth products from tires and car wax to cosmetics and steel, Cope Allman last year earned $8.9 million on sales of $168 million...
...from Bedsteads. For its boss, Cope Allman also pours forth a salary that, at $112,000 a year, is second only to Flour Tycoon Joseph Rank's ($117,600) in Britain. Unlike most British corporate chiefs, Matchan paved his way to the top not on the playing fields of Eton but at London amuse ment parks and movie lots. The son of a sewing-machine repairman, Matchan parlayed a modest talent for figures and an immodest one for braggadocio into a youthful career as a "financial ad viser" to showfolk. At 25, he landed a bookkeeping job with...
...issue's poets demonstrate the precision of intention and execution found in Allman and Mullen. Occasionally there is a passage like this...