Word: tycooning
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...pack. At the age of 15, while his cronies were playing stickball in Manhattan playgrounds, Tisch was a student at New York University. At Harvard Law School in 1946, he seemed to have a bright future, but then he dropped out. Some 40 years later, having become a tycoon while keeping a low profile, Tisch, 63, has suddenly thrust himself into an unfamiliar spotlight at the helm of CBS, one of America's best-known corporations...
...Kirk Kerkorian. Analysts estimate that Turner overpaid as much as several hundred million dollars for the moviemaking studio and its assets, especially a rich library of some 3,600 films that includes such gems as Gone With the Wind and The Wizard of Oz. In the process the Atlanta tycoon had to raise nearly $1.2 billion, mostly by issuing high- interest junk bonds, thereby pushing TBS's total debt to nearly $2 billion. He now faces a $600 million repayment that comes due Sept. 15. Will Turner be able to keep his head above water? His subordinates think...
...eyes of Wall Streeters, Ron Howard has made a successful transition from tyke to tycoon. Once the lovable little red-haired Opie on the Andy Griffith Show, Howard, 32, is now a film director and businessman whose movies Splash and Cocoon were commercial and critical smashes. Imagine Films Entertainment, the production company that he started this year with Partner Brian Grazer, 34, went public last week, selling 1.7 million units at $8 each. On the first day of the offering, the price surged to $18.25, and the stock closed out the week at $15.25. As Opie's friend Gomer Pyle...
...restrained, in quiet taste, nothing opulent." At least not for someone who collects million-dollar Faberge eggs for fun. Last week 107 guests, including Secretary of State George Shultz and Chief Justice Warren Burger, came aboard to admire the $5 million, 151-ft. three-decker at the Forbes magazine tycoon's annual boat bash in Washington. The fifth Highlander (No. 4 was put up for sale in January) can cruise at 14 1/2 knots for up to 4,000 miles, but the New York-based vessel will be used almost exclusively for in-harbor excursions. "It's such a delightful...
...million), plans to follow Murdoch to the east London docklands area by 1987. He has already persuaded the unions to allow him to lay off one-third of his company's 6,000 workers in exchange for severance benefits. The conservative Daily Telegraph (1.2 million), now controlled by Canadian Tycoon Conrad Black, hopes to finish its headquarters in east London by the fall. The liberal, thoughtful Guardian (487,000) is building a new plant next to the Telegraph's, while the breezy, Tory-minded Daily Mail (1.8 million) should move into its offices on the Thames' south bank...