Word: tycooning
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...promoted the Education Act of 1944, which overhauled schooling in England and Wales, and as a result, he became Britain's first Minister of Education. Butler is a spokesman for the party's aggressive "young Turks." Lord Woolton, 68, the florid, white-haired department-store tycoon and campaign organizer for the Tories -Lord President of the Council, with special responsibilities for food and agriculture. Tories call him "Uncle Fred" the Laborites call him "Uncle Woof-Woof" -in both cases behind his back. As Brit ain's wartime Food Minister, he did an amazingly efficient job of fusing...
...million worth of shares in Standard Brands. After that, he helped round up lawbreakers in Nevada, where he built a mansion and became an honorary cop, roamed the world in a succession of 22 luxury yachts. In 1941, he infuriated Commerce Secretary Jesse Jones by being the only tycoon in the country who refused to sell his private airplane to the Government for defense...
Died. W. K. Kellogg, 91, cereal tycoon (Corn Flakes, Rice Krispies); of a circulatory ailment; in Battle Creek, Mich. His $50 million fortune-and that of the whole breakfast-food industry-grew out of the Health Reform Institute, a water cure operated in Battle Creek by the Seventh Day Adventists. When they abandoned it in 1876, Kellogg's doctor-brother, John, turned it into the Battle Creek Sanitarium, invented flaked cereals to feed his patients. One of them, C. W. Post, took up the idea, made a success marketing Post Toasties and Grape Nuts. Thus encouraged, Kellogg...
...Royal Typewriter Co., world's biggest producer of typewriters, no name is more regal than Ryan. The company was founded 47 years ago by Thomas Fortune Ryan, a tycoon who controlled a billion-dollar empire of banks, railroads, insurance, mines, utilities, tobacco, etc. His grandson Allan A. Jr. is now chairman of the board. Last week Allan's younger brother, Fortune Peter Ryan, who inherited $3,300,000 from his grandfather,* stepped into the Royal presidency...
...father was left only one set of Thomas Fortune Ryan's best pearl shirt studs. Reason: he declared publicly that Tycoon Ryan's remarriage two weeks after his wife's death was "the most disrespectful, disgraceful, indecent thing I ever heard...