Word: muscateers
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Dates: during 1960-1969
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...hostile and radical Republican regime that has constantly attacked him for six years. In South Arabia, also on his borders, the terrorist National Liberation Front recently drove out the pro-Feisal sheiks and sultans, renamed the country South Yemen and immediately cast covetous eyes on the sheikdoms of Muscat and Oman and the oilfields of the Persian Gulf, of which Feisal owns a good share. Everywhere he turns, Feisal sees the threat of the aggressive socialism of Egypt's Gamal Abdel Nasser, who has been trying to overthrow him for years...
...After all, says Ralph Ablon, who has built his Ogden Corp. into a far-reaching (shipbuilding, metals, processed foods) conglomerate, the word connotes a company with "no unity, no purpose and no design."* To most image-conscious companies, the real conglomerates are thus the operations of men like Victor Muscat, a Manhattan-based entrepreneur whose corporate acquisitions generally follow no visible pattern, come after bitter takeover fights, and result in little in the way of new management initiatives...
...that seem as ready to fire on rivals as on the hated Jews. There are now no fewer than eleven separate Arab terrorist organizations, including the 550-man Asifa (Storm Troopers) operating out of Syria, the 8,000-man Palestine Liberation Organization, and antiroyalist groups in Saudi Arabia and Muscat...
...this comes from a slight, softly spoken but highly persuasive man of 44. For the past 20 years, notables ranging from Fleet Admiral Chester Nimitz to the Sultan of Muscat and Oman have been talked into doing nice things for Wendell Phillips-like backing his archaeological expeditions and giving him oil concessions...
Group Leader Muscat seemed pleased to see him go. "Huffines wasn't chief executive of those companies," he said. "I am. He sold because he wanted extra money to invest in farms and chicken ranches and that sort of thing." Huffines retorted that chickens, actually, are only a small part of the operation...