Entrepreneurs: A Stunning Coup

Howard S. Levin opened his small fist and a cascade of varicolored business cards fluttered onto his luncheon table. One card identified him as president of Levin-Townsend Computer Corp. Others proclaimed separately that he headed three affiliates: Las Vegas' Bonanza Hotel & Casino, National Equities Inc. and Levin-Townsend Service Corp. "Take them," he told TIME Correspondent Rudolph Rauch last week. "They are all obsolete."

In a corporate coup organized with stunning secrecy, 45-year-old Levin had been bounced from the presidency of Levin-Townsend Computer, a seven-year-old leasing company that aspired to become a conglomerate. As Levin tells the story, he went...

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