Word: chunk
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Small Job. Before long, he was making close to $100,000 a year, made another chunk playing the market. In 1949, when he was worth $250,000, he felt he "could afford" to go back to SEC as a commissioner. But the job wasn't big enough to keep him busy. So in 1950 he became chief counsel to Senator Lyndon Johnson's "watchdog" committee on preparedness, even though he had to do most of his work at night. He was largely responsible for the committee's reports on wasteful military spending...
...when it is, Bahrein will be prepared. Again persuaded by Belgrave, the Sheik has been saving a husky part of his $4,000,000-a-year oil royalties (which are due to be raised). The Sheik keeps one-third for himself, salting away a good chunk in British securities; spends another third on public improvements; deposits the remaining third in the bank, where it buys British government debentures. Today Bahrein has a growing cash reserve of more than $6.500,000 against the inevitable day when the last of the oil is drained away...
...Carter became interested in oil. He drilled 99 dry holes and was known as the "dry-hole king" before he ever reached production-a record that would baffle a professional oilman. Yet when he got production, as they say in Texas, he got it good, and sold out one chunk of his holdings for $16.5 million. When Fort Worth's largest hotel was in danger of being bought by a Dallas man, Carter fended off the dreadful civic disgrace by taking it over himself. Largely because of his determination to make Fort Worth an aviation center, he became...
Under the new stretch-out plan, aircraft builders agreed that the number of "multiple sources" ready for volume production is bound to diminish. Aircraft companies who have been farming out a big chunk of their work will probably shift more work back into their own plants. The result will probably be that some aircraft plants, scheduled to come into production, will be crossed...
...Navy last week staked an early claim to a large chunk of the U.S. defense budget for the next decade. Secretary Dan Kimball announced that plans were being drawn to build not one, but ten, 60,000-ton aircraft carriers, each larger than any carrier now afloat.* To be built at the rate of one a year, the new super-carriers would be sister ships of the U.S.S. Forrestal, whose keel will be laid this summer. They would have 1,000-ft. flight decks, fully retractable islands to allow more landing space, and a cruising speed of well over...