CONGLOMERATES: Winning Wallflower

Like a wallflower at the country club ball, Ogden Corp. remained relatively unnoticed among the conglomerates that flourished in the '60s. Despite its relative anonymity, though, Ogden is among the 100 biggest corporations in the country—a scrap metal-shipbuilding-food service empire that generates annual sales of more than $1 billion. It also has recovered more rapidly from ill fortune than many farther-famed conglomerates.

Ogden's earnings plummeted about 55% in 1969, but in the next three years they climbed back up. In 1972 profits rose more than $5,000,000, to $32 million. The company resumed paying dividends in December...

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