Word: tycooning
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...second structure for exhibitions was bankrolled by Savings and Loan Tycoon Bart Lytton. The permanent collection hangs in the last pavilion-four tiers of balconies around an 85-ft.-high interior court, which was due to the generosity of Financier Howard Ahmanson...
California's Edgar Kaiser, 56, is an uncommonly sentimental tycoon. Whenever he sees his father, the legendary Henry J. Kaiser, 82, he greets the old man with a warm hug and a kiss. Two weeks ago, when Edgar was decorated with Brazil's Order of the Southern Cross, the tears flowed freely down his cheeks. On business matters, however, Edgar Kaiser is eminently dry-eyed. Finally stepping out of his father's long shadow, he has taken full charge of the family's 100-company empire and spread the business into 40 countries on six continents...
Asians & Costs. The challenger of the oil giants is Roderick W. Miller, 53, a coal tycoon who is motivated equally by patriotism and enlightened self-interest. When he inherited his father's coal mining and distribution company in 1958, Miller found that his Australian-built colliers and their unionized Australian crews could not compete economically with the dilapidated foreign-flag tankers and their low-wage Asian crews. He told the oil companies that unless they used Australian tankers, which would raise their costs and thus make coal more competitive, he would go into the oil-tanker business himself. Says...
...concentrates its efforts on high-quality but low-volume automobiles. Explains Hitzinger: "We are interested in building vehicles in a class by themselves." Because of this exclusiveness, Daimler's annual production has risen by only 28,000 cars since 1961. Chief Stockholder Friedrich Flick, the 81-year-old tycoon who sets company policy, firmly adheres to traditional Daimler practices: the company never "rushes" into a market or "moves quickly" to produce a new model...
Died. Alberto Byington Jr., 60, Brazilian tycoon who pyramided his father's multimillion-dollar holdings by establishing Brazil's first movie, record and air-conditioning companies, added a network of 22 radio stations, 250 cold storage plants, and a major bauxite development-all on top of a vast coffee empire; of hepatitis; in Rio de Janeiro...