Word: tycooning
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Phaedra. Melina Mercouri purrs, snarls and shrieks in this modern-day version of an old Greek myth. Raf Vallone, as her ship-tycoon husband, is healthily Hellenic in a role with obvious overtones of Onas sisism. Only Tony Perkins seems somewhat less than believable as Vallone's stepson...
...Havemeyer of Manhattan bustled into the hotel room of her millionaire husband and airily announced that she was going out to buy an El Greco. With her was Mary Cassatt, the noted American impressionist, who was helping the Have meyers build their great art collection. Said Sugar Tycoon Havemeyer: "You had better add a Goya while you are about it." Replied Painter Cassatt: "Perhaps we may. Who knows?" And with that, the two ladies swept out of the room and off to their mission...
Died. Arthur Vining Davis, 95, terrible-tempered tycoon who ran up a fortune in aluminum and reinvested it in Florida industry, becoming one of the world's wealthiest men, worth an estimated $350 million; in Miami. With backing from Banker Brothers Andrew and Richard B. Mellon, Davis helped found Aluminum Co. of America in 1907 as the nation's first aluminum producer, became Alcoa president in 1910, board chairman in 1928, and ruling with desk-thumping autocracy, built Alcoa into an industrial giant with assets of $503 million before retiring from active management in 1948 to start...
...using so much of their past earnings for current expansion, many German firms have also left themselves with dangerously small capital reserves. Undercapitalization caused the-recent downfall of Shipbuilding Tycoon Willy Schlieker. Heinz Nordhoff, the boss of mighty Volkswagen, thinks his company's reserves of less than $150 million are too small for a company with annual sales of more than $1.3 billion. To carry out adequate expansion and modernization programs, German industry as a whole needs an estimated $7.5 billion that it does not have...
...Moonlight. Watson has illuminated some 500 gardens during the past five years, ranging in price from $250 for a garden 10 ft. by 15 ft. to about $100,000 for one of his current projects, the 17-acre garden of Dallas' electronics and aircraft tycoon James Ling. "No two clients want the same effect," he says. "Color is the tricky thing...