Word: mecom
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Dates: during 1970-1979
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...also hit by a wave of fund redemptions that forced him to suspend some operations. Several big-thinking Texans were deflated. James Ling, whose merger magic had expanded a tiny electrical firm into a $3.75 billion conglomerate, Ling-Temco-Vought Inc., was deposed by nervous bankers. Oil Millionaire John Mecom petitioned for bankruptcy...