Word: pensacola
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Pudgy Supersalesman Edgar Gregory set out in 1971 to make a fortune. Flush with cash from the sale of his used-car agencies in Warrensburg and Joplin, Mo., the high school dropout bought a propane-gas dealership in Pensacola, Fla. Three years later he sold out for a net profit of over $1 million. He then bought five small banks in Alabama, and by 1975 was operating ten motels in that state and in Florida and Mississippi. By the end of last year, Gregory, 40, was boasting about a personal fortune of $11 million and corporate assets of close...
...Wife Vonna Jo bought a $300,000 home in the Pensacola suburb of Gulf Breeze, with a miniature merry-go-round for their six-year-old daughter. They cruised aboard a 45-ft. yacht, owned two Cadillacs and a Stutz Black Hawk, and threw splendiferous parties...
Kitty Perry Pensacola...
...last Friday. No wonder. At a store in San Diego, Founder Ray Kroc, 74, handed over French fries to waiting customers; in Baltimore, McDonald's president, Edward Schmitt, 51, picked up a spatula to flip burgers. It was "store day" at McDonald's, and from Portland to Pensacola, executives left their offices to don paper hats and hustle behind the counter...
...underwater exploration for oil or gas is still more of an art than a science. Only one-third of all wells dug in the gulf are now producing; Exxon, Mobil, Champlin and others have spent more than $1.5 billion exploring off Pensacola, Fla., without discovering anything except salt water. Worse, federal investigators suspect that gulf producers in recent years have been purposely holding back production in hopes that federal price controls will be removed and the gas will eventually sell for $2 or more per 1,000 cu. ft., rather than the present top interstate price...