Word: bailen
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Dates: during 1960-1969
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According to an American associate, Eliot Bailen, Onassis "is not an officer of any corporation, domestic or foreign, but an owner holding stock that gives him control of corporations." As a result, he controls some 100 companies in a dozen nations, operating a fleet of perhaps 4,000,000 tons displacement under "flags of convenience." Beyond that, he is engaged in developing the "supertankers of the air," the next generation of giant jets and shuttle airbuses. His investments include hotels, banks, and seaports. But oil shipping remains his principal source of income. In a moment of self-deprecation, Onassis once...