Word: tycooning
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Died. Frank Clayton Ball, 85, fruit-jar tycoon; in Muncie, Ind.* When the Mason jar patent expired in 1883, the Brothers Ball (Frank, Edmund, George, William and Lucius) turned from fish kits to glass preserving jars, acquired a virtual monopoly in manufacturing them, became one of the Midwest's wealthiest families. Aged Frank, who spent his summers in Leland, Mich., commuted to work by plane...
...Morgan who died last week was not of that breed. A tycoon by inheritance, he was not a buccaneer by nature. Born in 1867 at Irvington-on-Hudson, at the beginning of his father's career, "Jack" Morgan was brought up in a genteel tradition, educated at St. Paul's School and Harvard, served a turn in his father's expanding firm, in 1898 departed for London...
...movie producer in the U.S., put on a better-than-average financial show last year: its net earnings went up to $12,133,000, 9% above 1941. But the SEC last week revealed that the really supercolossal act of 1942 was put on by Loew's tycoon, Louis Burt Mayer. Mr. Mayer, the highest paid executive in the U.S. (for the sixth consecutive year), scooped up $949,766 in salary and bonus. That figure was 35% above his 1941 earnings, came within 5% of equaling the total increase in Loew's earnings for the entire year...
...Louis Mayer will probably work more for love than money the rest of this year. Unless Congress overrules the President's $25,000 salary limitation, his gross take cannot be much over $67,000. Based on his 1942 record, that amounts to about four weeks' work for Tycoon Mayer...
...with baby, when "Smithy," job-bent, is jolted from his amnesia by a street accident in Liverpool and remembers he is Charles Rainier, son of an aristocratic family. Unaware of cottage, wife and child, he goes home to Random Hall to resume life as an aristocrat, becomes an industrial tycoon...