Word: ltd
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Dates: during 1970-1979
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...Lloyd's K and R business coming from American multinationals. The insurers commonly require the client corporation to exercise "due diligence" in protecting its executives; this means retaining security experts and acquiring protective gadgetry. (Lloyd's, not surprisingly, owns a prospering corporate security agency, Control Risks Ltd...
...been described as a modern-day Cecil Rhodes. If anything, comparison with the great 19th century imperialist understates the restless, driving ambition and material success of Roland ("Tiny") Rowland, 60, chief executive of the London-based conglomerate Lonrho, Ltd. Rowland has transformed a small initial stake in Africa into one of the continent's biggest commercial empires. Among his friends are Presidents Kenneth Kaunda of Zambia, Mobutu Sese Seko of Zaïre, Hastings Kamuzu Banda of Malawi and Jomo Kenyatta of Kenya -not to mention Prime Minister Ian Smith of Rhodesia...
...start. Emigrating from London to Salisbury in 1948, Rowland used a small fortune acquired from a local Mercedes-Benz dealership to buy up 30% of Lonrho in 1961; at that time it was a sleepy ranching and mining company known as London and Rhodesian Mining and Land Co. Ltd. He then embarked on a strategy of befriending black nationalist leaders on the way to furthering his business interests. It paid off: Lonrho's holdings now include an estimated 1 million acres of Rhodesian land and substantial concessions, sugar and tea plantations in Malawi, textile mills in the Ivory Coast...
Edmund Stillman, director of Hudson Research Europe, Ltd., Paris...
...serve these rich clients, investment firms abroad are now specializing in American property. Some are one-or two-man operations, and several are as large as West Germany's Lehndorff Management Ltd., which has invested some $300 million in U.S. properties for 1,800 investors. Reports TIME Bonn Correspondent Barrett Seaman: "An American kind of optimism is everywhere. In Frankfurt, a consortium of banks offered $60 million worth of over-the-counter investment shares in a Houston office building for about $10,000 each, and in three weeks sold out the offering to customers, many of them walking...