Word: largest
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Dates: during 1990-1999
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...first to see the opportunities. The bull market that began in 1962 was kinder to some companies than to others, leaving many quality firms relatively undervalued and thus takeover targets. "We had a lot of different sources of financing," says Ling, 75, of LTV, in its heyday the 14th largest company in the U.S. "But we usually swapped our companies' stock for [that of] the firms we were buying...
When the Dow peaked at 985 in 1968, the conglomerate movement comprised dozens of America's largest companies, including Textron, Litton, Teledyne, Raytheon, Walter Kidde & Co. and US Industries. The movement would sputter to a halt in the '70s, its oxygen cut off by rising interest rates and a falling market. A surprisingly anticonglomerate Nixon Administration crimped the most aggressive expansions in the interest of protecting what Ling calls "the smokestack-industry crowd" of old-line executives. Ling was forced out of LTV in 1970 as part of an antitrust settlement. Bluhdorn died on a company jet in 1983. Geneen...
...concept, making the market grow while creating more profit. He also showed that human well-being and making money are not inconsistent. In downturns he found other jobs for redundant workers and preserved their dignity. This is the Japanese way, and he used it to build one of the largest corporations in the world...
...Buys Utah International, a natural-resource company, for $2.2 billion (largest corporate purchase to date). Sells it eight years later...
CARACAS: Good thing oil is cheap. Six years after he led an abortive military coup, left-wing populist Hugo Chavez was elected president of Venezuela, the largest supplier of oil to the U.S. "U.S. oil companies are worried that Chavez plans to move the country's economy away from free markets," says TIME reporter Christina Hoag. "He's said a lot of contradictory things and nobody knows where he actually stands." The president-elect was certainly not doing much to clarify his plans late Sunday: "In truth, I'm not Chavez," he told reporters. "Chavez is a national feeling; Chavez...