Word: schine
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...book from what he claims to be "the perspective of years," but in looking back over his 19 "incredible months" with the Senator, he writes like a man who has remembered everything and learned nothing. Recalling his library-raiding tour of USIS offices in Europe with G. David Schine, he admits that it might have been unnecessary to remove Dashiell Hammett's The Maltese Falcon, but he still implies that John K. Fairbank's commendable classic, The United States and China, is somehow subversive-and quotes a paragraph out of context to prove...
...Schine holdings, worth an estimated $150 million, brought the value of Wien and Helmsley's coast-to-coast collection up close to $900 million, three times that of the spread controlled by William Zeckendorf at his apogee six years ago. Says Helmsley: "We know of no private investors whose holdings are larger than ours...
...survived the general shake-out of real-estate syndicates since 1962. Some recent acquisitions, such as the 35-acre Bush waterfront terminal in Brooklyn, have been financed with only a few wealthy partners, and increasingly, Wien and Helmsley have been able to swing deals all by themselves. The Schine purchase, made without partners, brings them twelve hotels (including Miami's faded Roney Plaza and Los Angeles' first-class Ambassador), 62 theaters in the East and Midwest, and a community antenna-TV system in Massena...
...Carpet. For Myer Schine, who is so secretive that he does not even disclose his age (73), the sale topped an acquisitive career that began when he was 26. With savings from jobs as candy butcher and dress salesman, he bought a roller rink in Gloversville, N.Y., parlayed the profits into a chain of properties. Many real estate insiders speculated last week that the aging Schine sold out because he was hard-pressed to find successors as sharp as himself within his immediate family...
...turned over the title of president of Schine Enterprises to his elder son, G. (for Gerard) David Schine, who was once the most famous private in the U.S. Army. Attempts to wangle an officer's commission for Schine, an investigator for the late Senator Joseph McCarthy, were a factor in the acrimonious Army-McCarthy hearings of the early 1950s. Son David also created controversy in Schine Industries. He quarreled with managers at the Roney Plaza, lost money on several ventures, including an indoor ski slope that operated on a carpeted conveyor belt. He has not been company president since...