Word: ling
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Dates: during 1960-1969
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...known businessmen, American James Thompson, 61. Tired from a round of business, which included the opening in Bangkok three weeks ago of a new, two-story headquarters for his $1.5 million-a-year silk business, Thompson came to the Highlands as the guest of Dr. and Mrs. T. G. Ling of Singapore...
...result of this empire building showed up late last month when Ling-Temco-Vought reported record sales of $468 million (up 39% from 1965) and record net income of $13.7 million (up 129%). With Wilson in the family, Ling-Temco-Vought will be able to diversify from its Government contracts-which include the A-7A Corsair, a vertical-takeoff-and-landing plane, and the Lance battlefield missile...
Respect for the Record. Ling spends his leisure time at his $2,000,000 home (for which he borrowed $750,000), which is appointed with $500,000 worth of furnishings and objets...
...raise money for the Wilson acquisition, he went to London-with a chip on his shoulder. Sure that he would be scorned as an American-and a Texan, at that-he told representatives of N. M. Rothschild's famed financial house: "I insist that the track record of Ling-Temco-Vought demands respect. Judge this corporation on that record, and I couldn't care less whether I'm personally liked." Rothschild's got the point. Together with Wall Street's Lehman Bros., the British financiers raised the money for Ling to swing the Wilson deal...
Thus, in a single stroke, Ling-Temco-Vought changed the whole mix of its business. Before, it had sold 70% of its products to the Federal Government, and 30% on the civilian market. With Wilson, it will now be 70% civilian, and 30% Government...