Word: entrepreneur
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Dates: during 1960-1969
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...balance of a $600,000 bill the American Seating Co. claims he owes it. The corporation had put 15,000 seats in Philadelphia's Spectrum, a Wolman-constructed, $12.5 million sports arena. If Wolman's 300 other creditors follow American Seating's example, the chain-smoking entrepreneur, who values his assets at $92 million and his liabilities at more than $85 million, could be wiped out. Says he: "I can't tell how close to bankruptcy I am. It's up to the creditors. If the creditors don't take stupid action, like American...
...Restless Entrepreneur Norton Simon has yet to find the all-purpose chief executive for Hunt Foods & Industries. Recently, Simon replaced President Francis Fabian, 52, an operations expert who served him for about two years. Into the gap went William E. McKenna, 48, a smooth-talking senior vice president from Litton Industries with an accounting background and a Harvard Business School degree. Simon makes no bones about the reason for the change: he wants to expand his empire of subsidiaries and affiliates, which already includes McCall Corp., Hunt-Wesson Foods, Inc., Knox Glass Inc., Canada Dry Corp. and Crucible Steel Corp...
Calman Jacoby begins as a simple, God-fearing small businessman. As a result of various political and social upheavals, he winds up an industrial entrepreneur. The children, as usual, go modern in their own ways. One of Calman's daughters commits the heresy of an interfaith marriage. A son-in-law, fascinated and undermined by science, moves toward that 20th century religion-substitute, psychiatry. The son-in-law's sister moves to the city and turns into a forerunner of the Career Girl...
...Beatles are rich, but it's still pretty cool to turn down $1,000,000 for a single day's work. That's just what the lads did though, spurning an offer from Promoter Sidney Bernstein, entrepreneur of their 1964 and 1965 trips to the U.S., of $1,000,000 for two same-day performances at New York City's Shea Stadium. It's not that the money doesn't seem evergreen, explained Beatles Flack Tony Barrow, but that the electronics problem makes the boys so blue. "Until they have devised some...
Dropping the Ampersand. International Telephone & Telegraph came into being in 1920 when Sosthenes Behn, a young entrepreneur born in the Virgin Islands of Danish-French ancestry (though "Sosthenes" is Greek for "of sound strength"), founded it as a New York-based holding company for several Caribbean telephone companies he had recently acquired. Behn's choice of a corporate name was an unabashed effort to trade on the reputation of the giant American Telephone & Telegraph Co. Behn was successful in creating this confusion; even today, many people think of ITT as the international division of A.T. & T. Behn received...