Word: tycooning
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George Hearst, mining tycoon and Senator from California, tried to dissuade his son by offering him the chance to manage a ranch in Mexico or a gold mine in South Dakota. But William Randolph Hearst, then 23, would have none of it. He wanted to run a newspaper, specifically a tawdry sheet in San Francisco called the Examiner. Father relented; in 1887 young Hearst assumed control of the Examiner and proceeded to build the largest newspaper empire...
...last week. Robert Holmes a Court, an Australian financier and aggressive corporate raider, informed the U.S. Securities and Exchange Commission that he had bought more than 15.5 million, or 6.4%, of Texaco's 242 million outstanding shares for $541 million "exclusively for purposes of investment." The Australian tycoon said he has no intention of mounting a takeover bid for the third-ranking U.S. oil company (1986 revenues: U.S. oil company (1986 revenues: $32.6 billion). But Wall Street experts believe that whatever Holmes a Court is planning, his purchase may have thrown open the bidding on Texaco as the mammoth firm...
...their personal ambitions. In an effort to encourage moral inquiry, Coles taught a special ethics class at the business school this spring, using characters and incidents from novels and short stories to dramatize the need for broader values. During one class focused on F. Scott Fitzgerald's The Last Tycoon, Coles called out a cadence of four words from the book: "Tolerance, kindness, forbearance, affection." Then he asked, "Can these lessons be taught? Should we teach them here? Will these + qualities increase our nation's GNP?" One student thought not, arguing, "It is difficult to say that human behavior...
DIED. Chinn Ho, 83, pioneering Hawaiian financial tycoon; of a heart attack; in Honolulu. Starting in high school as a pencil and thermometer salesman, Ho built a real estate empire that stretched from California to Hong Kong. Ho, the first man of Asian ancestry to be named president of the Honolulu stock exchange, was also the putative model for Hong Kong Kee, the wily businessman who outsmarts the white hierarchy in James Michener's Hawaii...
...down to watch Raising Arizona (Nickelodeon, Harvard Square). Dewitt had intended to visit that fine state on his search, but this film gave him cause to reconsider. Raising Arizona is the story of an incredibly stupid hoodlum (Nicholas Cage), who steals an infant from a local business tycoon in order to placate his infertile wife...