Word: entrepreneurs
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Dates: during 1970-1979
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BUSINESSMEN have always admired the entrepreneur who has a grand, imperial design. But 1970 is turning out to be the twilight of empires that were built hastily on ideas, optimism and debt. Last week John M. King, 43, joined the ranks of those whose achievements and future have been cast into shadow by a combination of tight money and public skepticism...
...retrospective moment last fall, Dallas Entrepreneur James Ling was recalling a trying period in 1961 when he had temporarily been shunted aside as chief executive of his Ling-Temco-Vought, Inc. Conservative bankers had mistrusted the fast-moving Ling and chosen an older man. But Ling wasted little time in winning the bankers over and taking back his job. Last week one of the biggest and certainly the most daring of the conglomerate builders took the terrible blow again−from much the same source. At a four-hour emergency board meeting, called at the insistence...
...strolled past City Hall, which he lamented was bereft of plants, threaded through some markets, where Huntley priced artichokes, and finally arrived at the Aquarium. I bought a hot dog so impenetrable that I wondered if it weren't some subtle coral washed ashore and marketed by a humorless entrepreneur...
John McCandish King is a storybook example of the go-getting American entrepreneur, a man who is willing to take the big risk to get the big reward and knows how to use technology and the tax laws. Starting with a $1,500 investment in an Oklahoma oil-drilling venture, he has amassed a personal fortune recently estimated at $480 million. Though the stock-market skid has somewhat deflated his holdings, he does not have to worry where his next oil well is coming from. At 43, he is a big bear...
When can a court reporter become entrepreneur and make a profit from public records? Is there a limit to the price he can ask, or the number of people he can sell to? According to an American Bar Association spokesman, the legal rules governing freelance stenographers are usually set by the local courts or by the judge in a particular case. Beyond that, freelancers are bound only by the standards of their profession and the terms of individual contracts with their customers...