Word: bigwig
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Hoving was expanding by shrewd use of his capital-$2.6 million from such bigwig friends as Vincent Astor and CBS's William S. Paley, and a $12 million stock issue. He had paid $10.5 million for Bonwit Teller, Inc., then sold the store's buildings to the Equitable Life Assurance Society for $6.3 million and rented them back for $320,000 a year. He put some of that money into a new $2.2 million Chicago branch which he sold to Prudential Insurance Co. of America, and leased back. Another $800,000 was spent transforming Boston's historic...
Said an Eversharp bigwig: "Dealers are killing us, screaming and tearing us apart for more ball-point pens." That was just eleven months ago. Last week it looked as if Eversharp had gotten another kind of tearing-apart. Board Chairman Martin L. Straus reported that his company (which had had to borrow $3,000,000 to carry it through) had closed its fiscal year with a $3,416,985.23 deficit. The trouble: ball pens...
There Goes the Bankroll. But in July, the backers backed out. David Loew, bigwig in Enterprise Productions, agreed to put up some money on stiff conditions: 50% of the profits to Enterprise, whose label must appear on the film. Reluctantly Kramer and Glass agreed. A shooting date...
Burly, sulky Nikolai Alexeevich Voznesensky is a Politburo bigwig and the Soviet Union's chief planner. Fifteen months ago, in a book called War Economy of the U.S.S.R. in the Period of the War of Liberation, he laid down the Soviet Union's postwar industrial program. Then he explained why the program...
Many another bigwig agreed with Price that the boom seemed solidly shored up by orders. Blaw-Knox Co. (makers of industrial equipment), whose net was up slightly, said that its backlog was "not only the largest in the company's peacetime history, but well diversified." Montgomery Ward, whose first-quarter profits (an estimated $24 million) were up 18%, said that its entire capital was "at work in the business" for the first time since September...