Word: buying
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Dates: during 1960-1969
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...last September a state commission recommended that the Commonwealth buy all 12 acres of their repair yards and code as many as are needed for the library to the government...
...spook of American capitalism." He abhorred the details of decisions involving money, even his own. Instead, he loved to tinker over the design of interior cabinets or galley layouts while a succession of five TWA presidents in 17 years begged him to make up his mind what planes to buy...
...learned fast. TWA had only 28 jet planes as against its chief rivals' 124 (Pan American had 46, United 44, American 34). It took Tillinghast ten days to make up his mind to order 26 Boeing 707s for $150 million. With good luck, he was soon able to buy six Convair 880s for immediate delivery when General Dynamics repossessed them from troubled Northeast Airlines. The planes helped TWA catch up in the equipment race. Still, TWA continued to lose money, and for a time Tillinghast seriously talked merger with Pan American. Before the deal jelled, the CAB flashed...
...other planes should have been bought-Hughes threatened to sue the airline for ignoring his wishes. Instead, backed by Breech and his star-filled board, Tillinghast sued Hughes for $145 million treble damages on antitrust charges. While he had control, the suit charged, Hughes had forced the company to buy planes that did not fit its needs, notably 20 Super-Constellations. TWA wrote the Connies off its books as a $38 million loss after flying them only a year and a half. Hughes countersued, but when his penchant for privacy kept him from testifying in court, a federal judge held...
...scoffed at the industry-wide merger trend, maintained that Jaguar would not go on the block "in my lifetime." Last week he made a surprising U-turn: after two years of quiet negotiations, Sir William and British Motor Corp. Chairman Sir George Harriman announced that B.M.C. will buy out Jaguar in a $51 million stock transfer deal...