Word: niarchoses
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Dates: during 1960-1969
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Once again, it was high noon in Athens. Once again, the big shoot-up paired off two old adversaries, Aristotle Onassis and Stavros Niarchos. For the past dozen years, they have clashed over business deals with almost the same fervor that they seek to outdo each other in their personal...
The latest feud began when Greece's ruling generals early last year offered another refinery concession to whichever bidder proposed to finance and build the most additional industry to go with it. At first Onassis beat out Niarchos with a proposal for a $400 million complex containing the refinery...
Two weeks ago Niarchos counterattacked. A spokesman announced that he was offering the Greek government an investment of $500 million in return for the new refinery concession. Since this topped Onassis' bid by $100 million, the government was delighted. The Economic Coordination Minister, Nicholas Makarezos, declared: "This contest is...
Kiddie Talk. With that, Onassis howled, and Premier George Papadopoulos hurried back to Athens from a tour of northern Greece. After conferences among government ministers, Makarezos mysteriously retracted. His ministry confirmed that Onassis was still the victor. Onassis celebrated at a spirited press conference. He contended that his offer, including...
Profit on the Seas. Even then, the Skouras armada will not exactly threaten that of the more golden Greeks, Aristotle Onassis (more than 100 ships) or Stavros Niarchos (65). Still, it will do what few of its American rivals have done in recent years: turn a sizable profit. Last year...