CONGLOMERATES: Godfatfier's Godfather

What is better than a good businessman? Answer: a good lucky businessman. Charles Bluhdorn, the highly creative and sometimes abrasive chairman of Gulf & Western Industries, is just that. In the 1960s he built G. & W. into a prosperous conglomerate, piling one acquisition atop another, from auto parts to zinc mining. But along with many other conglomerates, G. & W. foundered when tight money and recession struck a couple of years ago. Now Bluhdorn is making a comeback, lifted by a business where luck is a necessity: motion pictures. In his...

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