Word: dealership
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Dates: during 1970-1979
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Frank McLaughlin is a master salesman. Some even said when he first arrived (in the fall of 1977) that he had missed his calling, that he should forget coaching and go make a mint in Arizona real estate or at a used-car dealership...
...Eastman Dillon to owner of a multimillion-dollar real estate investment company. Says he: "I believe in meritocracy. Any place where you can be fired in 20 minutes is a great place." Adds Swiss-born Pierre Honegger, 34, a former journalist who three years ago bought a foreign-car dealership in Princeton, N.J., and has tripled its sales: "If you work hard and have a good idea, you have a much bigger reward than in Europe, where everything is superorganized, and traditional business has cornered all the markets...
Rhodesia has a special meaning for Rowland: it is where the India-born entrepreneur got his start. Emigrating from London to Salisbury in 1948, Rowland used a small fortune acquired from a local Mercedes-Benz dealership to buy up 30% of Lonrho in 1961; at that time it was a sleepy ranching and mining company known as London and Rhodesian Mining and Land Co. Ltd. He then embarked on a strategy of befriending black nationalist leaders on the way to furthering his business interests. It paid off: Lonrho's holdings now include an estimated 1 million acres of Rhodesian...
Pudgy Supersalesman Edgar Gregory set out in 1971 to make a fortune. Flush with cash from the sale of his used-car agencies in Warrensburg and Joplin, Mo., the high school dropout bought a propane-gas dealership in Pensacola, Fla. Three years later he sold out for a net profit of over $1 million. He then bought five small banks in Alabama, and by 1975 was operating ten motels in that state and in Florida and Mississippi. By the end of last year, Gregory, 40, was boasting about a personal fortune of $11 million and corporate assets of close...
...such relative calm? For one thing, Oceana's rough reputation has always been a bit overblown. The bars are gone now, and the town's businesses consist mainly of a coal company store, a bank, two coin laundries, an AMC-Jeep dealership, Wanda's Beauty Shop, Roberts Motel and a Montgomery Ward catalogue office. "We have no bars, no parking meters and no coloreds," says Frank Laxton Jr., a used-car dealer and Oceana's mayor...