Word: connely
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...Conoco, the ninth biggest American oil company. After five hectic days of staff work, the deal seemed set. On Sunday night of the July Fourth weekend, Du Pont Chairman Edward Jefferson flew from his headquarters in Wilmington, Del., aboard a King Air twin-engine turboprop to Stamford, Conn., for a midnight meeting with Conoco Chairman Ralph Bailey in that company's boardroom rotunda. Just after 1 a.m. the two weary, rumpled chief executives settled final details, sealed the agreement with a handshake and retired to Bailey's office for a round of Scotch and bourbon. Du Pont...
STRATFORD, Conn.--A brand newqartistic director has taken the helm at the American Shakespeare Theatre (AST) this summer. He is Peter Coe, a 52-year-old native of London and a man of considerable Shakespearean experience. To inaugurate his tenure. Coe has chosen to stage Henry V, a work offered here only twice since the AST began...
Coury grew up in Torrington, Conn., a well-scrubbed factory town set in the Berkshire Hills. In high school he was a football player, student council member, class officer, honor roll regular. He dropped in and out of Fairfield (Conn.) University for a couple of years and then held odd jobs close to home. "He was trying to get his act together," says his brother Nimar. Recently a family friend in Washington, D.C., offered him a waiter's job. One morning he boarded a bus for New York City on his way to Washington. Says Nimar: "Before he left...
Some companies do operate effective in-house training and apprenticeship programs, but the cost is high. At Jenkins Bros, in Bridgeport, Conn., it takes an estimated $20,000 and up to four years of on-the-job training to develop a journeyman machinist. Cincinnati Milacron, the nation's largest machine toolmaker (1980 sales: $816 million), cranks out no more than ten journeymen machinists a year from its own apprenticeship program...
Last week it was suddenly the other way around. The nation's ninth largest oil company, Conoco Inc. of Stamford, Conn. (1980 sales: $18.8 billion), became the reluctant target, rather than the proud suitor, in a corporate takeover raid. The predator was none other than Joseph E. Seagram & Sons, U.S. subsidiary of Canadian-based Seagram Co. Ltd., the world's largest liquor distiller, with 1980 global revenues of $2.5 billion...