Word: largest
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Dates: during 1980-1989
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...ranks, never remaining in one job for more than two years. Then, in 1980, at the age of 41, Samuel Armacost was named chief executive of BankAmerica. "My first inclination was to jump and scream," he later recalled. No wonder: Armacost was about to begin managing the world's largest and most profitable financial firm...
...saddled with many shaky loans. Most of them were extended by Armacost's predecessor, A.W. Clausen, who now heads the World Bank. Like other big banks, BankAmerica made risky loans to developing countries and to real estate and shipping firms. But it also became the world's largest commercial lender to farmers, who are now under severe financial pressure. Concedes Stephen McLin, a BankAmerica senior vice president: "Our credit standards were not the greatest." The bank wrote off $1.6 billion worth of loans last year. Other low-grade credits are still on the books, forcing the bank to set aside...
...best source for answers, and Mecca to a pasta devotee, is a pastificio, or pasta factory, such as Gerardo di Nola in Castellammare di Stabia, about a 40-minute drive south of Naples. One of Italy's largest producers of premium pasta, it is a bright and airy factory where the starchy aroma suggests tons of boiling pasta. The current president, Gerardo Ronza, is a grandnephew of Gerardo di Nola, who founded the company in 1870. A slender, precise man who lives in an antiques-filled apartment over the factory, Ronza savors the lore and history of his product. Everything...
...Austin with a rare early English literary collection of 1,105 volumes and 250 manuscript groups. Included are first editions of Donne, Milton and Shakespeare, as well as the first book ever printed in English, Raoul Le Fevre's The Recuyell of the Historyes of Troye. In the largest such sale ever, Perot, 55, paid $15 million to obtain the books from the private Pforzheimer collection in New York City, and the university is planning a fund-raising drive to repay him. The collection "fascinates me," said Perot. "Printing presses and books changed the world and immeasurably improved the status...
...room Georgian mansion in Kings Point, N.Y., where he lives with his wife and five children. Then, last June, he learned that Publisher Malcolm Forbes paid $1.76 million for a Faberge with a crowing rooster inside. The purchase gave Forbes eleven Imperial Faberges, making his the largest collection in the world--one ahead of the Armoury Museum in the Kremlin. Aryeh, hoping that his egg could fetch an equally royal bid, decided to put it on the block at Christie's in Manhattan...