Financier Floyd Odium, boss of Atlas Corp., is famed for buying shaky companies, restoring them with sound management, and selling them at a handsome profit. This week he did it again. He sold Atlas Corp.'s control of Consolidated Vultee Aircraft Corp. to General Dynamics Corp. for $8,700,000 in cash plus $910,000 in stock, more than double what Atlas paid in 1947. With that, he got ready for new "special situations," said breezily: "I've got them flying around my shoulders."
Nimbly, Odium had shifted some burdensome problems on to the broad shoulders of...
To continue reading:
or
Log-In
