Word: plum
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Dates: during 1950-1959
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...holdings, Alleghany has 17% working control of the New York Central Railroad, plus 50% ownership of the Missouri Pacific Railroad. The Central also owns more than $500 million in Manhattan real estate, including the Park Lane, Commodore, Biltmore and Barclay hotels, plus several blocks of Park Avenue land. Biggest plum of all: Alleghany's 47.8% control of Investors Diversified Services, which manages five mutual funds whose combined assets total about $3 billion. This great Alleghany complex, says Sonnabend, "has been static since Robert Young died. It needs new vitality and dynamism...
...undisputed genius of the flamboyant world of cosmetics is Charles Haskell Revson, president of Revlon, Inc. From Charlie Revson's hard-as-steel mind spring the soft and alluring shades-Red Caviar, Pink Lightning, Plum Beautiful-that have touched the lips of more U.S. women than those of any other maker. Last week, at 53, trim (5 ft., 8½ in., 144 lbs.), handsome Charlie Revson ran into some embarrassing new facial shades: Quiz Pink and Umbrage Blue. As sponsor of the rigged $64,000 Question and $64,000 Challenge-which in four years helped triple Revlon...
...richest plum among the oil industry's independents finally fell last week, and it went to one of the strongest integrated majors. In an $810 million deal, Texaco, No. 2 U.S. producer-No. 1: Standard Oil Co. (N.J.)-and refiner, bought California's profitable Superior Oil Co., whose earnings last year totaled $39.20 a share. Superior stockholders will get 24 shares of Texaco for each share they now hold; Texaco will then absorb Superior's holdings and dissolve the company...
...soft nights, a man on the bridge felt as if he were on a magic swing: "He swung over the earth and the waters and flew in the skies, yet was firmly and surely linked with the town and his own white house there on the bank with its plum orchard about...
...Munoz clearly had virtually unanimous Puerto Rican support of his "estado libre asociado." With his keen political instinct Munoz was able to tell just when to push the Congress hard and when to ease up on his demands. In July 1952 Munoz walked out of the Senate with the plum in his hand. Puerto Rico had been granted commonwealth status. As Tugwell later explained it, "What Commonwealth meant was that there were arrangements between two equals, mutually satisfactory, which both desired to maintain. Munoz explains it in more concrete terms, "We have in common: citizenship, defense, market, international relations...