Word: fuqua
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...Fuqua got a listing on the New York Stock Exchange in 1965 by obtaining controlling interest in Natco Corporation, a Pittsburg, Pa., based tile manufacturer. In 1965, Natco's revenues were $14 million and its stock was selling far below board level. In 1967, when the company was renamed Fuqua Industries, revenues climbed to $60 million and in 1968 topped $200 million...
...Today, Fuqua Industries' annual revenue is slightly under $500 million, and the conglomerate deals primarily in leisure-time fields. Fuqua, however, spends little leisure time himself. He works seven days a week "because I like it," he says. A few years ago, Fuqua and his wife went to Switzerland for a two-week vacation. He was back in his office in three days, announcing, "When you've seen one castle you've seen them...
...Fuqua's innovative business principles and ideas have stimulated financial leaders everywhere. In the spring of 1972 he made a proposal to discontinue his corporation's formal annual stockholder meetings. December of the same year, Fuqua made a landmark move by issuing a preliminary, unaudited report that included dollar forecasts and net earnings for the company as a whole and for each major project line as well...
Although not fully convinced of the merits of these projections, Fuqua says that "if this is the kind of music we will have to march to, we are willing to lead the band...
...Fuqua has said that some of his best tips have come from the least likely sources. He never refuses to talk to strangers who visit his office or telephone him, explaining, "You never know when Santa Claus might be on the other end of the line...