Word: lings
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...When Ling-Temco-Vought President Clyde Skeen appeared in Wilson & Co.'s Chicago executive suite last December, Wilson President Roscoe G. Haynie mused: "I know he didn't come up here to price a set of golf clubs." Acting as emissary for Ling-Temco Headman James Joseph Ling, who controls 16.6% of the Dallas-based company, Skeen announced that L-T-V thought Wilson & Co. a good investment, planned to offer tenders for one-third of its stock...
Ready for the Big Time. Recognized as the nation's leading sporting goods producer, Wilson-1966 sales: more than $990 million-is also a major meat packer and producer of chemicals and Pharmaceuticals with a strong management team. Still, there was little Haynie could do to stop Ling-even after he realized the extent of the Texan's designs on his company. In a matter of days, before Haynie could summon his board of directors, Ling-Temco-Vought had corralled a sizable chunk of Wilson's stock by offering holders $62.50 per share, 25% over...
...Chief Executive Ling, 44, the Wilson deal was the zenith of a sensational rise that began in an electrical shop in 1946. With $3,000 in capital and a battered pickup truck, Ling contracted to lay wires in buildings springing up in prosperous Dallas. He learned finance, went public, issuing 800,000 shares in his little company-keeping half for himself-at $2.25. Next came his first acquisition: an electronic-vibration-equipment maker, for which he paid $19,000 cash and assumed the company's debts of $66,000. After a series of small takeovers, Ling was ready...
There was little that was new or start ling. The 1,600 words that Jackie deleted were hardly missed. Manchester wrote slickly; yet he did not indulge in emotionalism nor did he dwell on personal detail...
...recoup everything it laid out in the shape of royalties. Beyond that, the SST, as the biggest single venture ever undertaken by U.S. industry, will create at least 100,000 new jobs across the country. The plane is too big for Boeing to build alone; Avco Corp., Fairchild Hiller, Ling-Temco-Vought, Martin Marietta, North American Aviation and Northrop have already been designated as subcontractors, and Lockheed too may end up with a slice of the work...