Word: meshulam
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Some two years ago, Wall Street whiz-bang Meshulam Riklis assigned himself a Herculean task. He aimed to take over Schenley Industries, Inc., one of the nation's biggest distillers (1967 sales: $518 million), through a merger with Glen Alden Corp., part of the $1.4 billion sales complex that Riklis, 44, has shuffled together...
...also a story of what has been lost in the passing of a stable old way of life-and what was gained and not gained by the new. This equation is viewed with neither regret nor reproach. The story is principally told through its varied, vivid characters. Reb Meshulam Moskat is a patriarch with a talent for victory, who manages his business and his family with a high, old-fashioned hand. But not without opposition. "I spin and I spin and nothing comes of it. I've had two wives, seven children, given out dowries, supported sons...
...Island, where his special joys are a pump-powered waterfall and a library that contains more electronic gear than books. Despite the Lerner setback, Riklis last week hoped to raise some money by contracting to sell off one of Rapid-American's divisions for $4,300,000. But Meshulam Riklis is painfully learning that what comes rapidly can also rapidly...
...them the shares in 1964 and 1965, by which time he hopes that the stock-which sank from 14⅛ to 5⅛ in four years under his management-will be selling at a higher price. To top all this, the restless three last week were negotiating with Promoter Meshulam Riklis to take over his sprawling (assets: $66 million) but sorely troubled Rapid-American empire, which controls 1.500 Lerner, H. L. Green, National Shirt, McLellan and other stores; it also makes printing plates and plastic signs and sells citrus fruits. Chucking & Muscling. Muscat, Krock and Huffines got together...
...corporate shell of the Butler Brothers variety chain), United Stores Corp., and the McCrory-McLellan Stores Corp. With 461 stores, the new company will rank fourth among U.S. low-priced chains (first three: F. W. Woolworth, W. T. Grant, S. S. Kresge). The man who masterminded the merger is Meshulam Riklis, 36, who in only nine years has risen from a part-time, null security analyst, who had to teach Hebrew on the side to make ends meet, to boss of the big Rapid-American Corp.. a widely diversified manufacturing outfit. Rapid Riklis, who will also be president...