Word: felix
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...Felix Alarcon Brentwood...
Last July Felix Rohatyn, a partner in the investment banking firm of Lazard Freres who has since become chairman of New York's Municipal Assistance Corporation, suggested Otis to United as a ripe acquisition prospect. Otis, although No. 1 in its industry, has had a slowdown in orders because of the worldwide decline in construction starts on high-rise buildings. Still, the company gets a steady and reliable flow of business-about half its revenues-from maintenance of existing installations. Also, more than half of its 1974 sales of $ 1.1 billion came from overseas, where United would like...
Welch has had a checkered career. He graduated from the University of North Carolina at 16, entered the Naval Academy but dropped out when World War 1 ended, dropped out of Harvard Law School because, his official biography says, "he had one too many arguments with Prof. Felix Frankfurter." Welch then went into the candy business, but had an unhappy encounter with the Great Depression, and even his invention of the candy bar which eventually became the Sugar Daddy didn't save him. He later joined his brother's company, Welch Candy Company, and became vice-president. At one time...
...Fumed Republican Senator Bob Packwood of Oregon: "Those guys sat here and lied to us. I don't think we should bail those liars out." Governor Hugh Carey told congressional leaders that the plan had virtually no hope of succeeding because of legal snarls; indeed, Big Mac Chairman Felix Rohatyn called it a "20-to-l shot." Even so, the dustup further damaged New York's already bankrupt credibility...
McDonough had only the year before acquired the building, from Felix Garagianes and Nicholas C. Culolias, who had bought it in 1925 from Albert H. Blevins, who had bought it from the Harvard Amusement Company (was it a penny arcade? a whorehouse?). McDonough is listed as the building's sole owner until 1939, when Edward Wyner bought a stake in it; and in 1945 the building came under its present ownership, a complicated trust involving five Wyners and a few others...