Word: builders
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...face of this nation is decisively shaped by the Federal Government. It is the country's largest single builder, printer and design client for objects as various as power dams, monuments and postage stamps. The looks and liveliness of Government buildings often determine the vitality of town squares and city centers. Federal highways and public works enhance or mar the American landscape. The appearance of Government signs, pamphlets and questionnaires can make life easy or irritating for citizens...
Some business executives are skeptical. They believe that entrepreneurship cannot exist inside a large company on more than a token basis. Harold Geneen, the builder of ITT, contends in his 1984 book, Managing, that "entrepreneurism is the very antithesis of large corporations." Shareholders, he says, will never stand for the risks involved...
...dozen subsidiaries with assets of $1.7 billion. That will be a 12% slash in the company's current assets of $14.1 billion. Officials disclosed only a partial list of the units for sale. They include Eason Oil, the Bobbs-Merrill publishing house and O.M. Scott & Sons, which makes Turf Builder lawn fertilizer. ITT also intends to sell a minority interest in its Sheraton hotel chain. The company will keep Hartford Insurance and most of its holdings in the telecommunications and defense industries...
...American dream of owning a home has been taking quite a beating lately, with the price of a new house averaging $100,100. But residents of Florida can dream again, thanks to William J. Levitt, 77. Known as the father of American suburbia for his Levittowns, the master builder constructed huge complexes of inexpensive housing after World War II on the edges of major American cities. Now Levitt is back with a grand new project-a $2 billion community that will go up on the outskirts of Orlando and be called Villa Poinciana. Its 26,000 homes will be priced...
Florida officials, though, are worried about the impact of Levitt's new town. They say that such a massive project would overwhelm water, sewer and other local services. But the master builder is undeterred. Says he: "Bear in mind that we're veterans in this business...