Word: middlemen
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Dates: during 1980-1989
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...only one of a growing number of middlemen in the airline industry. Like GPA, which is privately held, most are obscure. International Lease Finance (1985 sales: $81.2 million), for example, was begun in 1973 by three Hungarian immigrants who now employ ten staffers in a Beverly Hills office suite. But these lessors have become familiar faces at Boeing, the giant Seattle aircraft manufacturer. In 1980 only four of Boeing's 316 orders were placed by leasing companies; during the first half of 1986, their share skyrocketed to 109 out of 247. Overall, more than $10 billion worth of aircraft will...
...short-term agreements that allow customers to bail out in five years if necessary. In contrast, the granddaddy of the industry, a subsidiary of General Electric called GE Credit, has traditionally signed leases of up to 20 years. James Ozanne, a GE Credit senior vice president, warns that middlemen who peddle short-term leases could eventually become saddled with aging aircraft that cannot be resold. Nonetheless, Ozanne admits, the boom in short- term renting has spurred GE Credit (1985 revenues: $2.9 billion) to begin offering five-year leases...
...were slipping behind and finding it increasingly difficult to stay on the farm. We had to change our operation somehow to eliminate the middlemen. We thought about strawberries but I like growing corn so we decided to try cereal," the 51-year-old Grubb said...
High-tech spying can seem relatively innocuous, at least to those predisposed not to ask too many questions. The Soviets regularly use European middlemen to buy high-tech gadgetry, which itself often seems harmless. "People rationalize," says Herbert Clough, a security consultant. "This little thing can't do any damage. It won't start World...
...some 400 dummy corporations in Europe to buy high-tech exports. The Soviets can rely on dozens of unscrupulous Western technobandits eager to cash in on the Kremlin's 500% markups by acting as middlemen. So numerous and willing are the technobandits that the Soviets are able to get three or four bids for a single transaction. A valuable piece of high-tech gadgetry can sail a circuitous route before it "jumps the wall," in Customs agents' parlance, to the East bloc. Last month U.S. marshals arrested Marino Pradetto, 46, the Italian operator of a West German electronics firm...