Word: shrewd
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...core of Taylor's operations is the Toronto-based Argus Corp., named for the mythological Greek guardian who boasted 100 eyes. As the founder and president of many-eyed Argus, Taylor has made a specialty of applying his shrewd management skills to reviving faltering firms. Unlike investment companies that pop in and out of situations for quick profits, Argus gains working control of a company and stays on to guide it with its own hand-picked management team. It has brought a dramatic revival to Farm-Machinery Maker Massey-Ferguson (TIME, June 15), organized Dominion Tar & Chemical Co. into...
Died. John Siguard ("Ole") Olsen, 70, deadpan half of that durable comic duo, Olsen and Johnson, and the shrewd box-office mind who made their vaudeville epic, Hellzapoppin, play and pay for many years; of a heart attack; in Albuquerque...
Lending further strength to the market is the predominance of buy orders from the normally studious and shrewd managers of mutual funds and investment trusts. The little investor, who deals mostly in odd lots, is still selling more than he buys-and for cynical Wall Streeters, who believe the public is always wrong, this clinches the case for a bright future for stocks. But the loud debates sure to come in Congress over the tax cuts and budget deficit may convince even the amateurs that inflation is a danger once more. At such times, they usually take refuge...
...recovery principally to astute Chairman-President Laurent Wolters, 61, a Russian-born Belgian who, in a long Petrofina tradition of clannishness, got his first job at Petrofina through a board member who happened to be his godfather. Wolters took over the wreckage at war's end with a shrewd entrepreneur's eye for opportunity instead of salvage. Since crude oil was cheap and abundant, he ordered Petrofina to forget production, buy its oil from other companies and concentrate on expanding its sales outlets. Petrofina expanded by buying up existing chains (such as British Cities Service), or by starting...
...Immobiliare, the Vatican is the company's largest single stockholder, and three members of Rome's "Black" nobility, including a nephew of Pope Pius XII, sit on Immobiliare's board. The man who runs things at Immobiliare is Aldo Samaritani, 58, the company's shrewd, publicity-shunning general manager...