Word: offing
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Dates: during 1960-1960
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Kirby does no jumping. He inherited some $50 million from his father, put most of it into blue chips and let his profits rise. He is the largest single stockholder in the Woolworth Co., in the New York Central, in Manhattan's Manufacturers Trust Co. as well as in...
The pair was oddly matched. The volatile Young sniffed out the big financial game and was generally credited with Alleghany's success or failure. But cautious Kirby made the final decisions-because he had the money. Since Young perpetually in motion, they usually conferred long distance by phone were...
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Tycoon Kirby keeps a close watch on Alleghany's nickels and dimes. He often hefts the mail sent by subordinates to see if they have used unnecessary postage, shoots thema stiff A.P.K. reprimand if they have. As a hobby he collects, appropriately enough dime novels, e.g., the Liberty Boys...
To complaints about his unimaginative management of cash-heavy Alleghany, Kirby replies that when he took over after Young's death, the stock was selling at 4⅞ but is now selling at 9⅞. Kirby, who believes that the current slump is more serious than most people think...