"The faster they rise, the harder they fall." During these days of monetary stringency, that new version of the ancient saying might well apply to many entrepreneurs who have pursued the goal of growth. Those who overreached have been caught short by the Administration's tight-money policies. Last week three empire builders lost in varying ways:
New Pilot at LTV
In the midst of financial crisis, top executives are often forced to walk the plank. Stuart T. Saunders was ousted as boss of Penn Central. Bernard Cornfeld was pushed out of his I.O.S. mutual-fund complex. The...
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