Word: far-flung
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...President Lines and San Francisco's Natomas Co., which dredges for gold in the Peruvian Andes, owns chunks of industrial land near Sacramento, runs a West Indian oil refinery with Standard of Indiana, holds large oil exploration rights with Sinclair in Java and along the Red Sea. Such far-flung operations have made Davies many times a millionaire; his Natomas shares alone were worth $17.9 million on the New York Stock Exchange at week...
...secret codes. Bigger even than the Central Intelligence Agency, NSA headquarters houses about 14,000 employees, including some of the best analytic, mathematical and communications brains in the U.S. CIA's well-known headquarters in Langley, Va., has about 10,000 employees. Like CIA, NSA maintains a far-flung network of listening posts abroad, intercepting secret transmissions. At about $1 billion, NSA's annual budget, hidden under special executive funds, is estimated at twice that of its sister agency...
Visible & Viable. The amount of control conglomerates wield over their crazy-quilt acquisitions varies widely. Many of the leading ones keep their headquarters remarkably lean. Litton is proud of the fact that it runs its far-flung empire with a central staff-secretaries and all-of fewer than 250 people. Chairman Rupert C. Thompson Jr. of Textron Inc., a $1.1 billion-a-year complex that makes everything from Sheaffer fountain pens to Bell helicopters, houses his entire headquarters in 1½ floors of a small office building in downtown Providence. So decentralized is Dallas' fast-growing Ling-Temco-Vought...
...Winning Horse." Determined to bring ITT's far-flung subsidiaries and divisions under New York's control, Geneen set up centralized regional marketing and planning staffs, insisted on detailed monthly business reports from the field, eliminated overlap throughout the company. Ten worldwide ITT plants producing semiconductors, for example, were coordinated under New York's aegis for the first time. Because the company's European manufacturing complex was "our winning horse"-ITT was doing poorly in its U.S.-based manufacturing operations-Geneen decided to ride it especially hard, fused it under a single headquarters located in Brussels...
...part of an overall military reduction outside Europe that Britain says should save it a badly needed $216 million a year. But the decision represents as much a hello to Europe as a farewell to the Far East, since it is in large part a concession to Charles de Gaulle, who demands that Britain give up some of its far-flung responsibilities and draw closer to Europe as a condition of entering the Common Market...