Word: tycooning
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...including the home of Henry Ford, and $6,500,000 to start a branch college at Dearborn (TIME, Dec. 24). Last week Arch Rival Michigan State University of East Lansing announced a windfall of its own-the 1,400-acre Oakland County estate belonging to the widow of Auto Tycoon John Dodge and her husband, Lumberman Alfred G. Wilson. In addition, the Wilsons were kicking in $2,000,000 to endow an M.S.U. branch college on the estate that will emphasize both the liberal arts and engineering. Estimated value of the land and the 50-room Wilson mansion: at least...
...thousand feet up in the Swiss Alps, in St. Moritz' Palace Hotel, 1,000 guests washed down a dinner of caviar and filet mignon with vintage champagne, then danced the night away until 7 in the morning. Among the merrymakers were Shipping Tycoon Stavros Niarchos, Cinemastars Linda Christian and Hildegarde Neff, Liechtenstein's Prince Constantine, Irish Beer Heir Loel Guinness. As the evening glowed to a climax, roly-poly Winston Churchill II, 16-year-old grandson of Sir Winston, leaped on a table, grabbed a cane, gaily began popping the balloons...
Push for Pushcart. Whitney's grandfathers were Teddy Roosevelt's Secretary of State John Hay, and William Collins Whitney, a street-railway tycoon and multimillionaire. Thanks principally to Grandfather Whitney, Jock Whitney is endowed with a fortune of some $60 million (which will tide him through the London embassy's estimated excess expenditure of $50,000 a year above the ambassador's $27,500-a-year salary and allowances), but he has always managed to combine the graces of a patrician upbringing with shrewd common sense. Once he ordered his name expunged from the New York...
...charitable foundation that he had set up to avoid paying crippling inheritance taxes. To comply with an Ontario law that sets a seven-year limit on ownership of businesses by philanthropic groups, the paper technically should have been put up for sale last April. But when Canadian Beer Tycoon E. P. Taylor offered $25 million for the Star, three of the five directors vetoed the sale out of respect for Atkinson's oft-stated hope that the Star would remain in his family's or employees' hands. In May, when U.S. Newspaper Broker Nelson Levings. representing...
...authors are aware that the businessman is not a duck-billed oddity from another world, but a human being inhabiting the same society as everyone else. The great problem is getting him on paper-and in modern dress, recognizing that business has changed from the freebooting days of the tycoon. What fiction now needs, suggests Chase Manhattan Bank Economist Robert A. Kavesh in a survey of current business fiction, is a "greater focus on the corporation itself and more particularly on the executives who govern collectively. No longer the villain of the piece, the businessman may appear in a variety...