Word: lees
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Dates: during 1970-1979
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Chilling Theories. The abduction was staged at 4:15 p.m., and it was shortly afterward that Dairyland Superintendent Lee Roy Tatom began receiving calls from parents saying, "Hey, the little guy isn't home yet." Assuming that the bus had broken down, Tatom sent people out to check the route. They found nothing, and Tatom, now thoroughly concerned, called police. Not until 7:30 did a local pilot sight the bus, hidden in the slough. Police sped to the site and found the bus deserted; the only real clues were two extra sets of tire tread marks near...
...challenge in 1935. The son of a Confucian scholar, he had just left a Japanese college (Korea was then part of the Japanese empire). He started a tiny rice-cleaning plant in the sleepy southern city of Masan. Noting that all his competitors made deliveries by slow ox carts, Lee bought a truck -and soon left the competition in his dust, he recalls, "howling blue murder...
Other coups followed as B.C. moved into real estate speculation and sake brewing. In 1952, he decided that South Korea "could only prosper through trade." He set up his Samsung (Three Star) export-import company to do just that, and the firm quickly provided profits that Lee shrewdly invested in other ventures. Now Samsung is the umbrella of a 17-company conglomerate that includes Seoul's finest department store, one of its largest newspapers, a group of sugar refineries, paper factories and an electronics firm. Together they rang up sales of $731.9 million last year...
...Lee's success is an iron demand for efficiency. A decade ago, B.C. shocked family-conscious Koreans by abruptly firing two of his three sons who were Samsung managers. "They were not fit to hold executive positions," he explains. "The life of a man is short, but that of a corporation must never be." To keep his companies healthy, Lee keeps them lean. When he started the afternoon newspaper Joongang Ilbo (current circ. 680,000) in 1965, he built up a talented staff of 1,400. Today Joongang has expanded into radio and TV, but still employs only...
...Lee insists that he now avoids politics, having settled earlier disputes with Strongman President Park Chung Hee. His entire interest is business. He spends months picking his top executives, then gives them a relatively free hand -though keeping a steely eye on them nonetheless. B.C. arrives at his downtown Seoul office at 9 a.m. sharp, ready to meet with his executives in exhaustive planning sessions. Twice a week he breaks the routine and plays golf. Lee returns to his palace, pottery and peacocks by 5 p.m. He usually dines alone, then plots new ways to increase his wealth. Preferring...