Word: lorillard
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Dates: during 1980-1989
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FOOTNOTE: OUR GUEST JOURNALISTS: Dwayne Andreas, Archer Daniels Midland; J. Robert Ave, Lorillard; C.M. Bishop Jr., Pendleton Woolen Mills; Howard Cooley, Jockey International; Ronald Davis, Perrier; *J.F.A. de Soet, KLM; Patrick Foley, DHL Corp.; R. Michael Franz, Murata Business Systems; Ernest Gallo, Gallo Winery; James Harvey, Transamerica; Kim Duk-Choong, Daewoo Group; Philip *Knight, Nike; Gunter Kramer, BMW; George Lawrence, American Gas Assn.; Richard Maher, Christian Brothers Winery; Henri Michel, Aerospatiale; Mechlin Moore, Insurance Information Insti*tute; Hideo Nakao, NEC Electronics; Steven Ross, Warner Communications; Anton Rupert, Rembrandt Group; Robert Sinclair, Saab; Preston Robert Tisch, Loews; Graham Whitehead, Jaguar...
Liggett plans to appeal the Cipollone verdict, contending among other things that the presiding federal judge, H. Lee Sarokin, was biased against the defendants. Says Arthur Stevens, Lorillard's general counsel: "We could not have had a more extreme adversary." In denying one of the tobacco industry's motions for dismissal of the case, Sarokin stated that he believed there was ample evidence of a "tobacco-industry conspiracy, vast in its scope, devious in its purpose and devastating in its results...
...Government cutbacks, has increased and thus the increase in black-tie events," explains Waldorf Catering Director Lawrence Harvey. "In my set," says New York City Socialite Mrs. Thayer Gilpatric, "the tuxedo never went out." A century ago, however, the tuxedo almost got kicked out of Gilpatric's set. Griswold Lorillard -- scion, as social columnists would put it, of the tobacco Lorillards -- showed up in the rarefied regions of the country club at Tuxedo Park, N.Y., wearing a red waistcoat with his best bib and tucker. The incendiary vest was bad enough, but what really stirred up the swells...
Tisch had no real master plan in building his empire, no carefully crafted long-term strategy to consult. He just looked for good deals, an elusive goal for many corporate chiefs. In the late 1960s, Tisch started playing the takeover game. His first catch was Lorillard, maker of Kent and True cigarettes. In 1968 Loews acquired the company in a friendly deal, but soon after the merger was completed, Tisch, taking an active hand, forced out the company's chief executive. No sense in sitting back and watching an acquisition turn sour, he believed. Lorillard profits subsequently showed stronger growth...
...single resort hotel, called Laurel-in-the-Pines, in Lakewood, N.J. By 1955 they had twelve hotels, and in 1960 they hit the big time by buying control of Loews Theaters. After a quarter-century of further growth and acquisitions, including takeovers of CNA Insurance and Lorillard Tobacco, the Tisches run a company with assets of more than $12.5 billion. The brothers have amassed personal fortunes that total an estimated $1.7 billion...