Word: penuriousrress
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Dates: during 1960-1969
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...also elected chairman and chief executive officer at the bank and had a Mecom-blue rug put down in the lobby. He seemed ready to get into the newspaper business in a big way, threw a huge party for the entire staff at his home. Used to the penuriousrress of the Endowment, Chroniclers came away awed by visions of the future. But Mecom, who boasts some $500 million in assets, still needed to raise the rest of the cash to complete the deal. Before he could, something happened...
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