Word: dodero
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...businessman had the push & pull to make big money in Argentina, it was Alberto Dodero. The youngest and brightest of five sons of an Italian immigrant in Uruguay, he built his father's tidy little shipping business into the biggest merchant fleet in South America, became a flashy free-spending tycoon who dazzled even the free-spending Argentines. Last week, at 62, in one of the most startling moves in a full-blown career, he abdicated as shipping king...
...Alberto Dodero laid a course toward the big time when as a young man he moved from Montevideo to Buenos Aires and added to the family business a freighter bought on credit. He quickly gathered headway. At the end of World War I, with a credit of $10 million, he got 148 surplus U.S. ships, resold them at a handsome profit. Then he bought into the Mihanovich Line in his adopted Argentina, owned it 15 years later. By World War II, Dodero had over 300 ships, plus a choice assortment of real estate and other properties...
...become a permanent house guest in the presidential residence. The Perón government threw almost all its shipping contracts to him, lent him money to buy more ships, granted him many another fat favor. It went all-out on a long-ignored demand for indemnity on a Dodero ship that had been sunk by the Nazis in 1940. In addition to the 2,000,000 pesos that Dodero had asked, it gave him 15 million pesos more to cover what he would have made with the ship if it had not been sunk...
Swarthy, suave Alberto Dodero knew what he wanted to do with his money. He bought a yacht, a plane, a fleet of cars, elaborate homes near Buenos Aires and Montevideo, in New York, London, Paris and Cannes. He entertained like a Croesus, invited scores of guests for a lobster supper as casually as he brought five kilos of white truffles from Rome. During summers on the Riviera he spent an estimated $50,000 a week for entertainment. He had a sharp eye-as well as the gifts of a Santa Claus-for pretty women. He has been twice married...
Often there was barely time for lunch with General Perón before the Presidenta had to be off again to make a speech. Last week, with air and shipping tycoon Alberto Dodero & wife, she flew north to keynote the Government's anti-inflation campaign in the great grain port of Rosario...