Word: tycooning
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...more than a half-century, Luce was on whispering terms with history, the friend of Winston Churchill and Chiang Kai-shek, the wife of America's most prominent publishing tycoon, the acquaintance of every President from Herbert Hoover to Ronald Reagan. Yet even as she was winning over great men, she was overturning the very notion of the "great man" by storming all the old boys' clubs of power without ever relinquishing her femininity. In the space of 20 years, while presiding as the darling of the society columns, she was managing editor of a national magazine, successful Broadway playwright...
Perelman's pursuit of Gillette is particularly brash for legal reasons. Last November the tycoon signed a ten-year agreement in which he promised not to seek control of Gillette without prior consent of the company's board. Perelman says he has sought such approval in a letter to Gillette's directors. But the target company immediately criticized the letter as "strident...
Though Lewis may want to be thought of as just another tycoon, he is also an inspirational symbol -- the first black businessmen to gain full access to the giant pools of capital on Wall Street. Says Earl Graves, publisher of Black Enterprise: "The Reg Lewis deal will be recorded in the pages of black business history as a landmark, a sign of change...
Virtually no one on Wall Street believes Pickens intends to acquire Seattle-based Boeing (1986 sales: $16.3 billion) and become an aircraft tycoon. Nor is it likely that Pickens would succeed if he tried, since a hostile takeover could cost as much as $13 billion. Some investment pros believe Pickens aims to encourage a takeover bid by a large corporation like cash-rich Ford, which might be seeking high-tech acquisitions. As a major stockholder, Pickens could reap a fortune from any such merger. Alternatively, Pickens' strategy may be to force Boeing management to enhance its share price by launching...
Already a consummate host famed for his megaparties, Malcolm Forbes, 67, last week managed to top even himself. The publishing tycoon pulled out all the stops at his 75-acre estate in Far Hills, N.J., for the 70th birthday of Forbes magazine, which sports the motto "Capitalist Tool." At dusk 100 bagpipers marched from the hills toward a 13-ft. by 20-ft. replica of a Scottish castle floodlighted and surrounded by artificial fog -- and that was just the dinner announcement. Then some 1,100 VIP guests -- including Elizabeth Taylor, Henry Kissinger, Barbara Walters, Jerry Hall and Tom Brokaw -- dined...