Word: millions
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Dates: during 1960-1969
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...that his name went on the company's title before he was 30. Later, as a specialist in syndicate purchasing, Helmsley joined with Lawrence Wien, a Manhattan lawyer and investor, and began putting together his realty domain. The Empire State Building, which they bought in 1961 for $65 million, is the crown jewel, but their widespread holdings include shopping centers in Fort Wayne, Ind., and Decatur, Ill., apartment projects in Indianapolis and St. Louis, and Chicago's Insurance Exchange...
...building two Manhattan skyscrapers and a hotel that will face Central Park. This may seem like enough to keep him occupied, but his appetite for real estate is still growing. Last month, he agreed to buy the stock of the Furman-Wolfson Trust, which owns property valued at $167 million in a dozen cities. It will cost him, he figures, $75 million in cold cash...
...allowable number of pieces. Originally developed before the days of the DC-3, the weigh-in became obsolete with the arrival of the jets, which have vast capacity. But the rules have stubbornly held on because they are profitable for the airlines. Last year passengers paid $80 million in overweight penalties...
...transaction would involve trading five million shares of Xerox common stock, totaling $1.5 billion, for 19.8 million shares of C.I.T., which Xerox will value at around 70. With combined assets of $4.5 billion, the two companies are the most startling recent example of a business trend that is fast turning into a race: conglomerate mergers, or unions of companies in unrelated fields. Outwardly, Xerox and its fantastically successful photocopying machines (1967 sales: $700 million) may seem to have little in common with C.I.T., the nation's second largest finance company, which also has interests in insurance, banking and consumer...
...moving along at a gratifying pace. In the 30 months since Chairman (then president) William M. Allen determined to go ahead with the project, Boeing has raised about $1 billion in financing. It has ordered components from 1,500 prime suppliers, cleared a forest near Everett, constructed a $200 million manufacturing and assembly complex and sold 158 of the $20 million planes to 26 airlines. Along the way, Boeing engineers had to lick serious weight problems that threatened at one point to scuttle the whole program. Still, this week's roll-out was a day ahead of schedule...