Word: largest
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Dates: during 1980-1989
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...unusual antique, the onetime Treasury Secretary and U.S. energy czar is no Don Quixote of the business world. There is nothing fanciful about his vision of assembling a financial empire in the Pacific Basin. In fact, Simon has helped mold a multibillion-dollar conglomerate that includes the largest savings and loan association in Honolulu and a merchant bank in Los Angeles. Last week an investor group led by Simon agreed to pay $157 million for Western Federal Savings & Loan, the fifth California thrift the group has tried to acquire within a year. Says Simon: "California is the gateway...
...wanted to go to law school, Pierre Samuel du Pont III was baffled. Du Ponts, after all, did not become lawyers, they hired them. Twelve years later, after du Pont had finished law school and fulfilled his filial obligation by working in the family business -- the country's largest chemical company -- he went back to his father. He was restless: one of his more memorable company tasks was assessing whether du Pont should manufacture peanut butter and jelly in an aerosol can. He wanted to try his hand at politics. "I was on track to become a senior executive...
Tobacco stocks surged after the decisions. On the day of the Boston ruling, American Brands climbed by 2 1/8, to close at 56 5/8. Shares of Philip Morris, the largest U.S. cigarette firm, which makes the Marlboro and Merit brands, rose 6 3/4, to 119 7/8. (Shares of Liggett & Myers are not publicly traded.) The cases, however, may still be appealed to the Supreme Court. Meanwhile, a host of similar cases are hanging fire; Liggett & Myers alone is the target of about 30. Of the estimated 125 product-liability cases pending against all tobacco companies, RJR Nabisco, manufacturer of Winston...
...prospect of the country's second largest conglomerate's shutting down indefinitely stirred Seoul into direct action. Hyundai produces the Excel, a subcompact popular in the U.S. and one of the most potent symbols of South Korea's economic coming of age. Though Chung denies that he caved in to government pressure, he admits that his initial refusal to negotiate was wrongheaded. "I thought they ((the union leaders)) were too young and inexperienced with company affairs to represent all the workers," says the 71-year-old Chung. "After I met with them personally, I found out I had been wrong...
...Jerusalem never wavered from what the U.S. considered an incredible story. The spy ring that included Jonathan and Anne Pollard had been a "rogue operation," the Israelis insisted, run without the knowledge of top government officials. The ring's mastermind, Rafi Eitan, who later became head of Israel's largest state-owned company, had never publicly contradicted the official line...