Word: worth
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Dates: during 1960-1969
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...aluminum siding, windows and eaves-and advertised heavily. Today, at 26, he owns three trucks, employs eight workers and farms out work to subcontractors. Vincent Bardis, 40, a former salesman, has built a bigger Chicago business by coordinating the work of 36 subcontractors. His firm has booked $750,000 worth of business so far this year. For some other contractors, repair and remodeling work have served as the launching pad into house-construction. William Adkison and Ralph DeMeo, a couple of Florida carpenters who were earning $2.83 an hour a decade ago, joined to start A.D.H. Construction Co. The firm...
Where the Brains Are. CTIP is McKee's European foothold and a sizable operator in its own right. The firm has orders on its books for refineries and petrochemical plants worth $100 million. Last March, only one month after McKee appointed him joint managing director, CTIP's Gian Vittono Cavanna started secret negotiations with Technip, a French government-owned engineering firm. Without telling McKee, Cavanna signed a general agreement calling for a reshuffling of CTIP ownership among Technip, McKee and Italian companies. The idea was that divided leadership would enable CTIP employees to run their company themselves, rather...
McKee's executives were flabbergasted. When the company bought a 94% interest in CTIP three years ago-for $1.5 million in stock and cash-the Italian firm was in shaky condition as a result of an unprofitable project in Egypt. Since then CTIP's net worth has risen 450%, to $5,000,000. It has won important new business in Latin America, Spain and Scandinavia, and added Gulf and British Petroleum as major clients...
Even so, South Africa has been selling somewhere. South African Reserve Bank statistics show that just about all of the $560 million worth of gold that the country has mined so far this year has been sent abroad...
...syndicate, however, has been unable to take all the gold that South Africa has offered. The Bank of Portugal has broken the central-bank boycott and bought some of the rest at the official $35 price. The Lisbon bankers took about $145 million worth in 1968 and another $120 million worth early this year. Johannesburg moneymen also believe that South Africa has loaned some gold to other African nations...