Word: cano
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Dates: during 1980-1989
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...Larry Cano, 58, has also cashed in on the Mexican craze. A World War II veteran who was once a bartender, Cano opened the first El Torito restaurant in Southern California in 1954. He had 22 eateries by the time WR. Grace & Co. bought him out in 1976 for 450,000 shares of Grace stock, worth about $17.5 million at current prices. At Grace, Cano is president of El Torito-La Fiesta Restaurants (1981 sales: $150 million); he has expanded the division into a 90-unit operation with restaurants strung from Tacoma, Wash., to Tampa. Up to 15 will...