Word: bendix
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...during the last big wave of corporate mergers. These days the prospect that he wryly foresaw seems considerably less farfetched. In recent months such household names as ABC, TWA and Nabisco have agreed to sell out to other firms and cease to be independent enterprises. They will follow Bendix, Gulf Oil, Conoco and other giants that have already surrendered their separate identities. Since 1980, no fewer than 62 members of the FORTUNE 500 list of industrial behemoths have been swallowed by other companies...
...executives, the rationale for corporate marriages is often simple. Says Edward Hennessy, chairman of Allied Corp.: "It is cheaper to buy than to start from scratch." Following that logic, Hennessy acquired Bendix for more than $1.3 billion in 1982 in what has turned out to be a profitable purchase. Now he is paying $5 billion for Signal, whose aerospace and engineering lines complement Allied's products...
EXPECTING. Mary Cunningham, 33, America's best-known businesswoman since her meteoric, media-monitored career at Bendix Corp. in 1979-80 and her 1984 book Powerplay, which blamed the press for leering speculation about favors from the boss; and William Agee, 47, her mentor as chairman of Bendix from 1977 to 1983 and her husband of three years: their first child (he has three children by a previous marriage); in September. The couple now run their own venture-capital and consulting firm, Semper Enterprises, on Cape Cod, Mass...
...idea democracy was so social, until all the guys standing around me started shouting at the guy in the booth, who seemed to have broken the voting apparatus. "You've been working out too much!" they yelled. That was generous, considering it seemed the equipment was manufactured by Philco-Bendix. While we were waiting, the man in front of me, stylist Wayne Lukas, turned to me and said, "You're cute." So we started talking, you know. Wayne told me it was his first time voting, and he wasn't happy about the line. "You can vote...
DIED. MARJORIE REYNOLDS, 75, actress known for portraying Bing Crosby's love interest in Holiday Inn and William Bendix's long-suffering wife in The Life of Riley TV series; in Manhattan Beach, California...