Word: floirat
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Dates: during 1960-1969
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...beginning of the century," says Sylvain Floirat, 67, in the rolling accent of France's Périgord region, "when you founded a business, it was supposed to last at least two generations. Nowadays it's only a matter of a few years." Floirat has taken advantage of the change: buying and selling businesses ("Anybody can buy; knowing when to sell is another story"), he now owns 94 companies and a personal fortune of at least $100 million. And they know him at the bank. "There are only three of us on the Champs Elysées," Floirat...
...France. Goaded to fury, the French government has begun to close in. Buying through front men, it has cornered a 32½% block of the station's stock-second only to the 42%-48% still held by Europe Number One's proprietor, French Millionaire (transport) Sylvain Floirat...
Other pressures are being subtly applied. Rumors drift through the French press: that the government has threatened to cancel a handsome contract with the Louis Bregeut Aeronautical Works-which Floirat owns; that Monaco, which has a 5% stockholding in Europe Number One, has been urged to sell it to France. How long Europe Number One can endure the governmental siege is uncertain. But while it does, 14 million Frenchmen presumably will go on listening...