CORPORATIONS: Tycoon (j.g.)

Frederick W. (for William) Richmond is a slim, sandy-haired ex-Navyman who at the age of 30 has achieved the rank of tycoon (j.g.). In three short years, Bachelor Richmond (with the help of various associates) has built up a string of seven companies producing everything from machine tools to pots and pans, with an estimated value of $30 million. He has become, as one business acquaintance calls him, "a speculator in companies"—specifically companies that can be bought for less than their asset value. In pursuit of this goal, young Richmond has tapped...

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