Word: ltv
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...come apart so spectacularly in the 1970s. Today the company is no longer a high flyer, and Founder James J. Ling, having created and failed with another conglomerate, Omega-Alpha, is fighting stockholder fraud suits. But thanks to Ling's penchant for corporate spinoffs, parts of the old LTV have emerged to flourish as independent companies. The one with the most exotic projects is Dallas-based E-Systems Inc., a company with a meaningless name, an ultrasophisticated product line and operations that extend to such recherché places as the Sinai desert and the planet Mars...
...part of the Ling empire, the company was known as LTV Electrosystems Inc. After its spin-off four years ago, it needed a new name, but a San Francisco company hired for the purpose could not invent one that pleased Chairman and President John W. Dixon, so Dixon in frustration decided on E-Systems. What does the letter stand for? Says Dixon: "Any word that starts with E and is good...
...LTV Corp. (Dallas), A-7 fighter aircraft; $90.9 million...
...LTV...
...past, an enterprising farmer or a ski bum whose legs were growing old would dip into his savings and put up a rope tow on a nearby hill. Today large corporations are cashing in on snow business. Ralston Purina has bought a 62% interest in Keystone, Colo. Subsidiaries of LTV, the conglomerate, own the land, lodges and lifts at Steamboat Springs, Colo. Abroad, some of the world's most famous wealth-that of the Aga Khan, the French Rothschilds, Greek Shipping Magnate Stavros Niarchos-is invested in ski resorts...