Word: tycooning
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SHIPPING FIGHT between the Justice Department and seven companies controlled by Greek Shipping Tycoon Manuel E. Kulukundis (TIME, Jan. 11, 1954) has been settled out of court. Under the agreement the Government, which charged Kulukundis with illegally buying 33 surplus tankers and seized seven of the vessels (26 were transferred to other companies), will get $900,000 to cover profits made by the ships while Kulukundis operated them...
Personal real estate transaction of the week: The Dunes, a 50-acre Long Island seashore estate, was bought by Auto Tycoon Henry Ford II (see NATIONAL AFFAIRS) from retired (66) Cinemactor Richard (Tol'able David) Barthelmess...
...they buy are private matters. But four months ago, the firm complained publicly about a customer in a way that shook café society and Hollywood; it had received a worthless check from Playboy Robert Schlesinger (TIME, Feb. 21), whose mother is Countess Mona Bismarck, remarried widow of Utilities Tycoon Harrison Williams, and whose father is Henry J. Schlesinger, retired Milwaukee industrialist. Said Van Cleef & Arpels : Schlesinger had given Cinemactress Linda Christian, estranged wife of Cinemactor Tyrone Power, jewels worth $132,500, made partial payment with a $100,000 check that bounced. Unable to collect from Schlesinger, Van Cleef slapped...
...Suzy figured it, she was not at Epsom to clean out the bookies. Her husband, the late Leon Volterra, French theater tycoon (Folies-Bergeres and Casino de Paris), had left her well fixed. She wanted to win to wipe out a white lie: Leon had died in 1949 still believing his wife's report that he owned a Derby winner. That year, the Volterra stables were running Amour Drake, the Derby favorite, and Amour Drake was beaten in a photo finish. Léon Volterra, on his deathbed, was told his horse...
...Negro and virtually a pauper, but plucky little Mary McLeod Bethune was also a dreamer. In 1904, with only $1.50 in cash, she started a school for Negro girls in Daytona Beach, Fla., and then she wanted none other than Soap Tycoon James N. Gamble, son of the founder of Procter & Gamble, to be a trustee. "But where," asked Gamble as he gazed at her shacklike building on the former city dump known as Hell's Hole, "is this school of which you wish me to be a trustee?" "In my mind," replied Mary Bethune. "And in my soul...