Corporations: The Colonel's Second Battle

Few episodes in his half-century as an industrialist and financier have made Chicago's Henry Crown prouder than the work he did a decade ago at General Dynamics Corp. As executive committee chairman he helped manage the company's recovery from a $435 million loss on its Convair jetliners; it was the largest financial setback on a single product line ever sustained by a U.S. corporation. Crown felt deeply wounded when the company's directors in 1965 and 1966 called in General Dynamics' preference stock, forcing him and his family to sell a $100 million...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!