Word: businessman
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Dates: during 1960-1969
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...Silverstein and his delicatessen have since passed into oblivion. But Charles Harting Percy did not. He applied himself, worked hard and persevered, and by dint of luck and pluck became a wealthy, successful businessman who is now the Republican candidate for Governor in his home state of Illinois, and-who knows?-may become something even bigger before he turns 50. To this day, Percy recalls his conversation with Mr. Silverstein. "I've never forgotten this," he says, "because he was right. It's fun working when you're working for yourself. Having your own equity, working your...
...result is that any businessman who owns a station can play it for high profits. St. Louis Broadcaster Bruce Barrington bought WEW for $50,000 in 1955, sold it to Franklin Broadcasting for $450,000 in 1961; Capital Cities Broadcasting recently paid $5,000,000 for New Jersey's WPAT, which had changed hands for $300,000 in 1954, and Westinghouse Broadcasting put up $10 million for New York City's WINS, which had brought only $425,000 in 1952. Says a top staffer: "Radio stations are the ideal small business. They can be picked up for very...
Robert E. Wilson liked to joke that "I pose as a businessman when talking to scientists and as a scientist when talking to businessmen." The confusion was natural. Over the years Wilson was a research chemist, the chairman of the board of the Standard Oil Co. of Indiana, a member of the Atomic Energy Commission, chairman of the American Oil Co. Occupational pigeonholers marked him down as an applied scientist - a term that in Wilson's case meant a complete man using his varied talents completely...
Winding up his stint as an AECommissioner, Wilson got a grateful letter from President Johnson: "Your outstanding performance and the high esteem with which you are regarded as a scientist, a businessman and a public servant must be a source of satisfaction to you as your years of public service come to an end." But somehow Bob Wilson never settled down. Last month he journeyed to Geneva to work as an adviser to the U.S. delegation at the U.N. International Conference on Peaceful Uses of Atomic Energy. There, last week, still in the public service, he died of a stroke...
...Europe, and the American businessman who wants his company to make a smooth transition between the two should remember a few basic but frequently ignored cautions about investment in Europe...