Word: elis
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Land is also a notoriously illiquid investment: a seller can wait months, even years, to find a buyer at the price he demands. Meanwhile, interest payments and local taxes on the land continue. Eli Broad of Los Angeles, a major home builder, says that undeveloped land has to appreciate 20% a year to cover carrying costs. On balance, it rarely does...
Unfailingly attired in his uniform, General St. Pé (Eli Wallach) faces advancing middle age as if it were a court-martial. He is chained to a vixenish wife (Anne Jackson) who spews venom at him and pretends to be a dying invalid. In his high-romantic imagination, he is in thrall to the memories of a young girl (Diana Van Der Vlis) he waltzed with 17 years ago. St. Pé's dream girl appears, only to run off with his callow aide, and the general is left alone in the dusk...
...fact, that is a condensed version of what has actually happened to United Fruit Co.-famed in the U.S. for Chiquita bananas, but known to generations of Latin Americans as "el Pulpo" (the Octopus). The Talmudist is Eli Black, who in 1970 merged United Fruit into a food-based conglomerate that he was assembling, and has proceeded to change its operations, its image, and even its name-to United Brands Co. The payoff: United Brands has gone from a net loss of $24 million in 1971 to a net profit of $10 million for this year's first half...
...United Fruit takeover made 52-year-old Eli Black one of the nation's largest conglomerateurs, and certainly its most mysterious. After graduating from Manhattan's Yeshiva University in 1940, he turned to investment banking, and in the late 1960s helped combine a group of small manufacturing companies into AMK Corp. As AMK chairman, he quickly transformed the company into an $840 million-a-year giant by acquiring John Morrell & Co., an ailing meat packer. He then noticed that United Fruit was ripe for picking: its earnings were dwindling, but it had cash reserves of $100 million...
Dewey Hickman won the 120 high hurdles in a sluggish 15.2 time, and Mike Horner took the 220. The Harvard-Yale 440-yard relay closed out the Crimson-Eli scoring with a 55.0 second triumph...