Word: gulf
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Dates: during 1970-1979
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...peak of his rambunctious form, Chairman Charles Bluhdorn of Gulf & Western Industries, one of the world's biggest conglomerates (1976 sales: $3.4 billion), is a curiously compulsive monologuist. Whether lolling with a weekend visitor by a sleepy lagoon outside his luxurious beach house, La Favorita, in the Dominican Republic or lecturing to an awed audience in his company's baronial headquarters suite overlooking Manhattan's Central Park, Bluhdorn fearlessly offers his forthright and often funny opinions on such disparate topics as acquisition strategy ("I want to buy things no one else wants"), American businessmen ("They have surrounded...
Lately, Bluhdorn has been uncustomarily silent. Three separate investigations are being made into the affairs of Gulf & Western, its subsidiaries and some of its officers and directors. The SEC is looking into, among other things, the adequacy of the company's public disclosure in connection with transactions of G & W's securities, the company's pension funds and its dealings in the shares of an auto-parts subsidiary that had some stock traded on the over-the-counter exchange. Manhattan District Attorney Robert Morgenthau is supervising another probe. Finally, the New York State senate committee on crime...
...Workers -are arguing that the economy is sometimes more important than the ecology. In response, the House has passed an amendment to the 1970 act that seriously undermines the nation's clean-air standards, while the Senate favors legislation that holds the environmental lines. So wide is the gulf that Maine's Senator Edmund Muskie, a principal author of the original bill, fears a long, hot summer. Says he: "Reaching agreement will test the legislative process to its limit." The main areas of dispute...
...from the Middle East. But that would require presidential approval and congressional concurrence. The President's decision is expected this week or next. The only other immediate way to use all the oil would be to ship it by tanker through the Panama Canal to the U.S. Gulf Coast, a long and expensive haul...
...scooping up wads of money from Rocky, which has grossed more than $100 million, Network ($30 million), The Pink Panther-Strikes Again ($40 million) and Woody Allen's Annie Hall, which took in $14 million in only seven weeks. Competitors are openly envious. Sighs Charles Bluhdorn, chairman of Gulf + Western, which operates Paramount Pictures: "I saw the first 15 minutes of Rocky, and I said, 'Why the hell didn't we make that...