When at age 17 he ventured west from Mount Vernon, N.Y., to seek his fortune, R. Lad Handelman learned quickly that there was more money in diving than in tending a diver's airline, as he had been doing. Says he: "I figured I was on the wrong end of the hose." He became a diver and spent a decade combing the seabed off California for abalone. Today, at 39, Handelman is again topside: this time as president of Oceaneering International, Inc., a Houston-based company that in 6½ years has become the largest publicly owned firm in an arcane but...
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