Word: litton
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Dates: during 1990-1999
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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...
...small group of the economically elite amasses more and more of the nation's wealth with little sense of noblesse oblige. Boutique values and transient commitments are just perfect for the residents of gated communities who have little time to spare in their rush for profit. DAVID S. LITTON Austin, Texas Via E-mail...
Joan stayed home until Brad was old enough togo to school, but she had a passion for politicsthat would be passed on to her son. so the firstcandidate Brad Campbell ever campaigned for was aDemocrat. When brad turned 3, his mother becamethe local campaign chair for Jerry Litton, aconservative Democrat running against RepublicanJohn Danforth. Joan took Brad on the road, as sheput up signs and knocked on doors around thecounty...
After a victory in the Democratic primary, thecampaign ended tragically when Litton was killedin a plane crash. With him died some of Joan'spassion for politics. "The crash is the onlyreason Danforth won," Joan says...
...miracle materials' in the 70s didn't hold up," Litton says...