Word: muscateers
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...Robert L. Huffines Jr., 61, resigned as chairman of Defiance Industries and president of B.S.F., a $22.5 million minor empire ranging from banking to automobile tape players, which he had shared with Partners Victor Muscat and Edward Krock. Huffines gave "personal reasons" for breaking up the threesome, who were called the Three Muscateers, sold off the bulk of his holdings to his partners, with whom he had dealt mostly by telephone since the triumvirate was formed eight years ago. He will now operate on his own from his 13,000-acre plantation at Yemassee...
...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 in 1957 through a mutual interest in rehabilitating a sick New Jersey company called Reinsurance Investment Corp. With the help of their own private fortunes, they then began to build their industrial pyramid, swapping the cash or shares of one company to win control over...
...Lionel this year. Muscat, who also is the one empowered to do the boasting among the partners, says: "Between the three of us, we have enough experience, money and follow-through to run any company in the country...
...from last year's peak of 15¼. But the trio care fully maintains a collectively optimistic face and predicts a profit for Lionel this year. Muscat, who also is the one empowered to do the boasting among the partners, says: "Between the three of us, we have enough experience, money and follow-through to run any company in the country...
...grand total of eight: Andorra, Bhutan, Kuwait, Liechtenstein, Monaco, Muscat-Oman, Switzerland and the Vatican City...