Word: legacyism
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While Reuther embraced politics, Hoffa simply bought influence, paying off policemen, prosecutors and anyone else who stood in the way. His image was cemented forever in 1975 when Hoffa went to a Detroit restaurant to meet several Mafiosi and never returned. He is still revered by members who say they...
It was Henry Ford II who rescued the legacy. He played down his grandfather's antics, and he made amends with the Jewish business community that Henry Ford had alienated so much with the racist attacks that are now a matter of historical record. Henry II encouraged the "whiz kids...
That would have been legacy enough for most people. But Giannini's mark extends far beyond San Francisco, where his dogged determination and unusual focus on "the little people" helped build what was at his death the largest bank in the country, Bank of America, with assets of $5 billion...
Not a bad legacy for someone who spent his youth "convinced that I had something missing" inside. A perpetually failing student, "Terrible Tommy" Watson vented his frustration by pulling pranks and tangling with authority. He needed six years and three schools to get through high school, and managed to graduate...
When Walton died in 1992, with a family net worth approaching $25 billion, he left behind a broad and important legacy in American business as well as a corporate monument. Wal-Mart stores is the No. 4 company in the FORTUNE 500, with annual sales of close to $120 billion...