Word: dealership
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Dates: during 1970-1979
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...looks like a schoolteacher, and he really wanted to become a political science instructor, but he drifted into Dad's Chevy dealership in Hopkins, Minn. So what can one expect from an auto salesman named...
Necessity forces creativity, in Grossman's view. Necessity was the ultimate energy source that propelled him into leasing. The family auto dealership had branched out so widely in the early 1960s that Chevrolet would not grant it more franchises in greater Minneapolis. But Grossman figured out that he could get as many cars as he wanted, if he leased-not sold-them to large companies...
Somoza talked of saving Nicaragua from Communism; in fact, he was plundering the country for his own benefit. Among the companies that he controlled was a Mercedes-Benz dealership that sold garbage trucks to Managua's sanitation department. Another firm collected the revenues from the city's parking meters. Such risk-free opportunities, of course, are no longer available to Somoza. But between the assets that he and his mistress brought with them into exile, there could be enough to rebuild his empire all over again, albeit on a lesser scale...
...Base to a forward operating station would cause the loss of 2,780 jobs. The state's congressional delegation claims that move would produce a $22 million drop in retail sales and a surge in unemployment from 11% to about 20%. Says Abraham Etscovitz, who owns an automobile dealership in nearby Caribou: "We're going to pray...
Reggie Jackson, 32, outfielder, New York Yankees. The baseball millionaire chooses to invest in "tangibles," including a Volkswagen dealership in Canoga Park, Calif., a condominium project in Reno, a twin-engine Beechcraft plane, and five antique cars. Jackson advises friends: "Start building a cash reserve. And then buy things, things you can touch...