Word: bahaman
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Dates: during 1960-1969
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Last week Clint Murchison Jr. holed up on the brothers' private Bahaman island and took the radiophone off the hook; John flew off to Paris. Other Texas financiers, who had stomped their boots in joy when the brothers toppled an Eastern millionaire, were downhearted. More than glory had disappeared with the Murchisons' defeat. A decline in the price of Alleghany from a 1961 high of $15.50 per share to $10.63 at present, and their guarantees to make up any losses suffered by big proxy allies, had cost the Murchisons an estimated $18 million...
Often, said O'Day, the first ten boats would round a given mark within ten seconds of each other. He remarked that a Bahaman had told him it "was the first place he had ever been where you had to be an expert to lose." It was, he said, a cutthroat competition...