Word: heir
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Dates: during 1960-1969
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...nation's most select, secretive and somber ruling bodies: the board of university trustees that is styled by ancient usage as the Yale Corporation. Following tradition, an alumni committee put up an official slate for Yale's 85,000 graduates to choose from: Flour Heir Philip W. Pillsbury, 60; Republican Congressman John V. Lindsay, 42, of New York; and George B. Young, 51, executive vice president of Chicago's Field Enterprises Inc. Competing with them was William Horowitz, 57, a New Haven banker and chairman of the Connecticut state board of education...
...Johnson went into wax fulltime. Today the company that he founded is led by a troika. Grandson H. F. (for Herbert Fisk) Johnson, 64, board chairman, directs marketing. Great-Grandson Samuel Curtis Johnson, 36, is executive vice president in charge of new products-and has been the obvious heir to the top job ever since he was in the crib. Finance is handled by Howard Merrill Packard, 54, the only non-Johnson ever to serve as president...
Married. Anthony Accardo, 29, adopted son of Anthony ("Big Tuna") Accardo, heir to Al Capone's Chicago crime syndicate; and Janet Marie Hawley, 23, Miss Utah of 1961; in a Roman Catholic ceremony in Chicago attended by their families, four minor-league hoods, and 30 representatives of the FBI, the Illinois Crime Commission, Chicago Crime Commission, Cook County Sheriff's Office and the Chicago police...
Staggering Markups. Promoters have also made millions by buying prospectors' claims and selling them at staggering markups to speculators. Much of the Timmins land is owned by descendants of Boer War veterans, who were granted the mining rights in perpetuity. One promoter tracked down an heir in Buffalo, paid him $400 for his rights, sold them the next day for $30,000. There has been more claim jumping in Timmins in the last two months than in the previous 50 years...
...also collects rents for owners of foreign properties, buys up blocked accounts at bargain prices, or, on occasion, the inheritance of an heir who has trouble getting his money out of a foreign country. In such cases, Deak is in effect betting that he can get the money unfrozen later or turn a profit by using the funds inside the country. He has the right connections for it. Occasionally, governments buy and sell their own currencies through Deak, creating an artificial demand that boosts the exchange rate and balms national pride...