Word: tycooning
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Despite his age, Tycoon Hearst has not shriveled. Grey, jowled like a coon dog, no longer nimble, he still stands impressively erect to his full 6 ft. 2, is remarkably healthy. He still bubbles with new ideas for his publications, over which he maintains the vigilance of a whimsical despot. His newspapers are still wild-eyed, red-inked, impulsive, dogmatic, often inaccurate, and littered with grade-A, boob-catching circulation features. Currently Hearstpapers are making lurid attacks against "Stalin's Monstrous Double-Dealing," and are promoting "Total Warfare Against Japan . . . NOW." But Hearst personally has mellowed in his declining...
Left. By the late Charles M. Schwab, steel tycoon: assets of $1,389,509; debts of $1,727,858. Tax appraisal showed in dividual debts as high as $217,522 (to family friend Elizabeth Scott...
...problem for many a U.S. tycoon is how to stop making money, what with taxes, the opprobrium attached to high earnings in wartime, and all. But when a tycoon has used extraordinary ingenuity for many years in devising ways & means to make the money roll in, he cannot easily or suddenly disengage himself from the golden flow...
...Watson, president of International Business Machines Corp. He was No. 2 on the 1939 list of the top ten salaries ($442,560). Of this honorarium, $100,000 was salary. Most of the rest was extra compensation, in lieu of royalties, on his patents. After a $6 dividend to stockholders, Tycoon Watson took 5% of net earnings...
Died. Edward Wentworth Beatty, K.C., 65, Canadian transportation tycoon; after a year's illness; in Montreal. Fresh out of law school, he joined Canadian Pacific Railway Co. in 1901, became its president in 1918, resigned a year ago. Under him Canadian Pacific operated the greatest privately owned track mileage (21,021) in North America, two-ocean fleets (the famed Empresses), a Great Lakes fleet, a string of luxury hotels (Chateau Frontenac), controlled Canada's second-largest mining company, held some 5,000,000 acres of land, ran its own cable and telegraph systems. A lifelong bachelor, Sir Edward...