Word: cna
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Dates: during 1970-1979
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...Fidelity group of funds. He went to New York City to start Tsai Management and the Manhattan Fund. The fund was virtually an overnight success. The initial offering was planned for $25 million, but was so greatly oversubscribed that $247 million in shares were sold. Two years later, the CNA Financial Corp. (formerly Continental National American Corp.), a financial-insurance-housing conglomerate, agreed to buy out Tsai Management-88% owned by Tsai and his family-for some $20 million in stock, keeping the founder on as president...
...CNA directors were prepared to keep Tsai on almost indefinitely, but he left because he has been unable to capture the presidency of the $1.6 billion conglomerate, ,a job he coveted. Now Tsai has bought control of Knight, Carry, Bliss & Co., Inc., a medium-sized brokerage firm that specializes in institutional business. "The brokerage business has gone through an unsettling period," Tsai says, "but my impression is that the clouds seem to have lifted. I am interested in concentrating on a limited number of high-quality growth stocks, and I feel very excited about the whole thing." That sounds like...
...computer service shows a wood penguin holding a high silk hat. The message: "Lease or Buy-Which suits you best?" Then there is the crane standing on one foot in an ad for Boeing Computer Service, which asks: "Looking for stability in computer services?" In an ad for CNA Insurance, a purple piglike monster with yellow wings and an orange cockscomb gobbles up dollars. The headline: "The Money Muncher. Starve it." Computer Communication's ads feature another cash-chewing nightmare: "The money-munching number cruncher." Other zoological promotions include Lee clothing (a lion), Sony (a duck), Bemis...
...What type of enterprise do Chrysler Corp., CNA Financial, Fibreboard, Walt Disney Productions, International Paper, LTV Aerospace and Signal Oil all have in common...