Word: tycooning
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Dates: during 1930-1939
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Financial mainstays of German Busch's new Bolivia were to be the properties of Standard Oil, which he confiscated in 1937, and of foreign mining interests. Capital to build Government-dominated tin foundries (the Bolivian mines of Tycoon Simon I. Patiño produce about 15% of the world's supply) was being sought in Manhattan last week by Busch's Minister of Mines & Petroleum Dionisio Foianini, son of an Italian father and Bolivian mother, second husband of a girl from New Haven, Conn, whom a Bolivian artist took home with him from Yale...
...ground Neville Chamberlain told the House that Cabinet Ministers, forbidden since 1906 to hold directorships in public companies, would henceforth be obliged to give up also their directorships in private companies (unincorporated companies not required to issue annual reports). It was revealed that the hardest hit Minister, shipping tycoon Lord President of the Council Viscount Runciman, had already given up six important private directorships...
Courier Wagner's longest tour of duty was 9½ months on Copper Tycoon Daniel Cowan Jackling's yacht. His most capricious clients are Englishmen. One hired him for a trip to the world's coldest spot. He picked Yakutsk, Siberia. From a U. S. millionaire with a Napoleonic complex came his goofiest assignment: a tour of every Napoleonic landmark in Europe. They started in Corsica, wound up six months later on Elba...
Bethlehem. One hard-headed tycoon who talks (four times a year) is Eugene Grace, whom Charles Schwab brought up to be the thin-lipped king of Bethlehem. Last week Grace declared for the benefit of his stockholders their first dividend (50? a share, $1,591,992) since Christmas 1937. This good news was considerably bolstered by his announcement that second-quarter earnings ($3,822,927) were up a whopping 2.443% from the second quarter of 1938. Bethlehem's common stock greeted this by dropping half a point and the stock market as a whole by backing away from...
Died. Milton Herman Esberg, 64, tobacco tycoon (General Cigar Co.) and music lover, who boosted the San Francisco Opera Association to success; of heart disease; in San Francisco...