Word: vought
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...conglomerates grew so rapidly as Ling-Temco-Vought, Inc. in the late 1960s, and few have come apart so spectacularly in the 1970s. Today the company is no longer a high flyer, and Founder James J. Ling, having created and failed with another conglomerate, Omega-Alpha, is fighting stockholder fraud suits. But thanks to Ling's penchant for corporate spinoffs, parts of the old LTV have emerged to flourish as independent companies. The one with the most exotic projects is Dallas-based E-Systems Inc., a company with a meaningless name, an ultrasophisticated product line and operations that extend...
...were the only inhabitants of the 120-acre area of thicket and coconut groves 20 miles south of Mexico's swank Acapulco resort on the Pacific. Then in 1968, Dallas multimillionaire Troy V. (for Victor) Post, newly enriched by the sale of his Greatamerica Corp. to Ling-Temco-Vought for $500 million, brought his genius and fortune to bear on the wasteland. Before long he had transformed it into an earthly paradise, a resort complete with a luxury hotel and detached villas, two of the world's best golf courses, an Olympic-size swimming pool, a discotheque...
...audacious entrepreneurs who built conglomerate empires from scratch in the 1960s, James Derrick Slater endured the longest. Americans like James Ling (Ling-Temco-Vought), Bernie Cornfeld (Investors Overseas Services) and John King (King Resources) saw their corporate houses of cards collapse around them, but England's merger lord and his mammoth Slater, Walker Securities Ltd. seemed to grow more prosperous every year. Now Slater, 46, has also had his comeuppance, His company's role in alleged fiscal improprieties is under investigation in Hong Kong and Singapore; he has resigned as chairman of Slater, Walker and gone into seclusion...
...have become a nuclear physicist or a chess master. Instead, James Joseph Ling became the quintessential conglomerator. In the roaring '60s he created a company that eventually ran up sales of $3.75 billion a year from products as diverse as jet planes and hamburgers. By 1969, Ling-Temco-Vought of Dallas was the 14th largest industrial enterprise in the U.S. In 1970, with LTV stock crashing and bankers hounding him for huge debts, Ling's own directors booted...
Quesada is now smoking contentedly. He produced figures proving that as of April 26, the common stock of the ten companies (Lockheed Aircraft, General Dynamics, McDonnell Douglas, United Aircraft, North American Rockwell, Litton Industries, Grumman, Ling-Temco-Vought, Boeing and Raytheon) was worth $4,723,814,437. On the same date the common stock of Avon Products was valued at $5,618,240,682. It is comforting to learn that the nation values beauty above bullets. It is also disconcerting to think that American women need all that much help to look pretty. But in fact, by a more traditional...