Word: entrepreneurs
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Dates: during 1960-1969
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...called "the sweet deal"-high finance. Borrowing $900,000 from Hong Kong and Panamanian moneylenders, he gathered control of the flagging Lionel Corp. (toy trains, electronics, etc.) in 1959. For a while Lionel picked up, but it fell back again, losing a whopping $4,500,000 in 1962 alone. Entrepreneur Cohn also bought a swimming pool company, invested in a New York City bus line, a small loan company, a national travel agency, helped form syndicates that promoted two Patterson-Johansson heavyweight championship boxing matches in 1960 and 1961, and last year's Patter-son-Liston fight...
...dared think up discothèques is Jean-Claude Merle, a Paris entrepreneur who opened a club called La Discothèque 14 years ago and is still riding the boom. When he began, he detested musicians ("They play for perhaps twelve minutes, then go to the bar and swill down drinks for half an hour"), but now he detests phonograph records with the cold fury that comes from marrying a machine. This week Merle will close down his discothèque for a month or two, and when he reopens, it will be with the help of a live...
...King an ultimatum. Tactfully but plainly, the chieftains warned him not to interfere with Feisal or make any attempt again to wield power, at the risk of dethronement. They also demanded instant banishment of Saud's personal aide, Eid ben Salem, who rose from palace chauffeur to royal entrepreneur and became vastly rich in the process...
...another $4,000,000 in 1962; Cohn shucked off several of the new subsidiaries and eased out General Medaris. Last week the word went out that Cohn was surrendering the controls at Lionel. First step: granting options for his 55,000 shares to a group headed by Manhattan Entrepreneur Victor Muscat...
Despite the impressive skills of modern science, the way to discover profitable mineral deposits around the Mediterranean often seems to be to curl up with a good book. Perusing the Greek classics and pinpointing their references. Italian Entrepreneur Jean-Baptiste Serpieri in 1864 rediscovered the ancient mines of Laurium near Athens, from which the classical Athenians extracted their wealth and the lead needed to build their fleet. Geologist Charles Godfrey Gunther located copper on Cyprus by reading Latin manuscripts. The latest to cash in on the classics is a short, stocky Greek named Alexander Xenarios, who spent 30 years roaming...