Word: bulova
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Dates: during 1980-1989
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...moves. In 1973 Loews bought a substantial share of Equity Funding just before the insurance company fell apart in the wake of a scandal that involved selling fraudulent insurance policies. Loews suffered a pretax loss of $3 million on its investment. Another ill-timed move was the acquisition of Bulova Watch in 1979, which proved a money-losing division for Loews until...
...dance partner CBS wanted. The entertainment company announced last week that it had invited Tisch, 62, the billionaire chairman of Loews, to join the CBS board of directors. In addition, Loews, a New York-based conglomerate that owns a hotel chain, sells insurance and manufactures Kent cigarettes and Bulova watches, will increase its stake in CBS from 11.7% of the network's stock to as much as 25%. CBS was emphatic that the deal with Tisch was entirely friendly. "A mutual love affair," said Senior Vice President William Lilley III. "We want this guy. We welcome this guy." The partnership...
After two terms as head of the Joint Chiefs, Bradley later joined the Bulova Watch Co. and served as its chairman from 1958 until stepping down in 1973. The old soldier spent his last four years at Fort Bliss in Texas, where he sometimes lectured on leadership. In accepting West Point's highest honor, the Sylvanus Thayer Award, in 1973, Bradley reflected on the low prestige of the military after the Viet Nam War. "The profession of arms is often a lonely profession. It is misunderstood by many. My wife has called me a warrior who hates...