Word: hilmar
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Dates: during 1980-1989
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...DIED. Hilmar Reksten, 82, once one of the largest operators of independent oil tankers in the world; of cancer; in Bergen, Norway. He parlayed a modest 1929 investment in a cargo steamer into a tanker fleet worth $600 million. His fortunes ebbed when the 1973 Arab oil embargo caused a worldwide slump and left eleven of his twelve supertankers lying idle. In 1979 he was acquitted on charges of evading income taxes on $89 million in foreign earnings. Ironically, he made this year's Guinness Book of World Records for paying a larger percentage of his annual income...