Word: tycooning
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Despite all the girding for an assault, the airline industry was rocked last week when a raider finally surfaced. It was New York City tycoon Donald Trump, who announced that he was offering $120 a share, or $7.5 billion, to take over the giant carrier...
Ever since 1960, when Tom Monaghan opened his first pizza outlet in Ypsilanti, Mich., the eccentric tycoon has been expanding his empire like a spinning wheel of pizza dough. But now that his Domino's chain has 5,100 stores and sales of $2.3 billion, Monaghan is suddenly ready to move on. In a letter to employees and franchise owners, the pizza king disclosed that he is looking for ways to sell Domino...
Trump, who owns a sizable chunk of the city, conveniently popped up on her first visit. Painton had booked a flight aboard the Trump Air helicopter service, only to discover the tycoon himself was a passenger. Trump pointed out the town's attractions and even gave her a ride from the airport in his limousine. On other visits, Painton traveled less grandly aboard the buses that carry many of the millions of gamblers who constitute Atlantic City's primary source of income...
Sometimes, winning your heart's desire is the first step toward losing it. Canadian developer Robert Campeau is learning that lesson, and has only begun ; to pay the price. A onetime machinist's apprentice and a self-made real estate tycoon, Campeau, 66, borrowed his way to the top shelf of the U.S. retailing industry. He spent $3.6 billion in 1986 to buy the Allied group of stores (holdings: Brooks Brothers, Bonwit Teller and Jordan Marsh). Last year he won a $6.6 billion bidding war with R.H. Macy for control of Federated Department Stores, a costly victory that gained...
...betting his money and his reputation that he can deliver a convincing performance as a real-life film producer. De Niro's previous experience as a boss has been confined to playing characters ranging from Don Corleone in The Godfather, Part II to a film mogul in The Last Tycoon. But this year the 46- year-old Manhattan native became president of his own movie company, New York City's TriBeCa Productions, which already has ten film projects in early stages of development. In September, De Niro will open the TriBeCa Film Center, an eight-story converted coffee factory near...