Word: redpath
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Dates: during 1970-1970
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Next, the conquistador of the campus decided to turn his company into a conglomerate, the first U.S. corporate giant based entirely on the purchasing power of youth. "We find ourselves in situations similar to Carnegie and Sloan," Randell intoned. With the old-line firm of Auchincloss, Parker & Redpath managing the underwriting syndicate, N.S.M. went public in 1968 at $6 a share. In two years of frantic stock swapping and cash deals, Randell acquired 27 companies (a student-insurance concern, a poster maker, the publishers of Europe on $5 a Day). N.S.M. sales reached $68 million last year...