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...torn asunder when his father's skills were rendered obsolete by the power loom. The Carnegies had to emigrate to the foul Pittsburgh, Pa., slums when Andrew was 12. Quick-witted, shrewd and resilient, he survived a Dickensian adolescence that included working as a bobbin boy in a textile mill...

Author: /time Magazine | Title: Blessed Barons | 12/7/1998 | See Source »

...some use. In 1973 he presented a plan to King Faisal, an old acquaintance: use the gas to power factories in a new city that Bechtel would build on the site of a tiny fishing village at Jubail. The city, still under construction, houses a steel mill and factories that make chemicals, plastics and fertilizer. The town is now home to 70,000 and growing...

Author: /time Magazine | Title: Stephen Bechtel: Global Builder | 12/7/1998 | See Source »

Carrier could solve this problem by controlling humidity. But in '06, a cotton mill in South Carolina gave him a new challenge--heat. "When I saw 5,000 spindles spinning so fast and getting so hot that they'd cause a bad burn when touched several minutes after shutdown, I realized our humidifier was too small...

Author: /time Magazine | Title: WILLIS CARRIER: King Of Cool | 12/7/1998 | See Source »

...than 140,000 houses around the world, Levitt & Sons was sold to ITT Corp. for $92 million in stock, most of which went to him. That fortune bought, among other things, a 237-ft. yacht, La Belle Simone, named for his third wife, and a 30-room mansion in Mill Neck, N.Y. But the deal barred him from the domestic construction business for 10 years. Within four years, the ITT stock, which he had been using as collateral to build subdivisions in places like Iran, Venezuela and Nigeria, lost 90% of its value. When those foreign projects foundered...

Author: /time Magazine | Title: Suburban Legend WILLIAM LEVITT | 12/7/1998 | See Source »

Harry Bresky, president of both Seaboard Corp. and Seaboard Flour, presides over a work force of 12,000 employees, 10,200 of them in the U.S. Holdings include flour mills in Ecuador, Guyana, Haiti, Mozambique, Nigeria, Sierra Leone and Democratic Republic of Congo; feed mills in Ecuador, Nigeria and Congo; 3,100 acres of shrimp ponds in Ecuador and Honduras; 37,000 acres of sugarcane, 4,200 acres of citrus and a sugar mill, all in Argentina; a winery in Bulgaria; other agricultural and business interests in Chile, Colombia, Costa Rica, Guatemala and Venezuela; electric-power-generating facilities...

Author: /time Magazine | Title: Corporate Welfare: The Empire Of The Pigs | 11/30/1998 | See Source »

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