Word: tycooning
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Died. Jesse Holman Jones, 82, Texas tycoon, big builder (of Houston skyscrapers), publisher (Houston Chronicle; circ. 596,000), longtime (1932-45) head of Reconstruction Finance Corp., wartime (1940-45) U.S. Secretary of Commerce; in Houston. As overlord of RFC and a dozen other New Deal agencies in the Depression '30s, massive (6 ft. 3 in., 200 Ibs.), granite-faced Jesse Jones saved many a bank, railroad and factory from disaster, made money for the Government by insisting, with a small-town banker's care, on rock-sound collateral before certifying a federal loan. Jones was dropped by Franklin...
...acting with and for a group-"just a few old friends"-whose identity he kept secret. But at least three were tentatively identified as New York Investment Brokers David Baird and Charles Allen and Theater Tycoon Simon H. (Si) Fabian, president of Stanley Warner Corp., to which Warners sold its theater chain in 1953, in accordance with an antitrust decree separating moviemakers from exhibitors. While Semenenko denied that old friend Fabian, "a wonderful executive." had invested in his new deal, he admitted that he would "like to see the legalities ironed out, so that Fabian could get into the picture...
...ironworks after graduation from high school, young Friedman at last decided to work his way through agricultural college and become a farmer. Graduating close to the top of his class at Cornell, he was offered a job by one Colonel George Fabyan, a wealthy Chicago eccentric and dry-goods tycoon with a 500-acre estate near Geneva. "What do you do on your estate?" asked Friedman. "I raise hell," said the colonel...
...author (Lorenzo Goes to Hollywood); of a cerebral hemorrhage; in Encino, Calif. Arnold was orphaned at eleven, played his first role (Lorenzo in The Merchant of Venice) in the old East Side Settlement House. His substantial figure, resonant voice and booming laugh made him the best-known tycoon type in movies for some 25 years...
...wrist watches and nylons before eventually choosing one 14-year-old, Nelly Rivas, as his special favorite (TIME, Oct. 10). ¶ Atomic "Scientist" Ronald Richter, who never split an atom, expertly diffused $3,700,000 of Argentina's money in his fumbling attempts. ¶ Jorge Antonio, Mercedes-Benz tycoon and Perón crony, profiteered on so vast a scale that a subcommittee named exclusively to investigate him seriously recommended a fine of more than $1 billion. ¶ Defense Minister José Humberto Sosa Molina got from Perón 265 car import licenses, each worth more than...