All in the Family Fortune

The Loews chairman made billions as a savvy manager and investor

Laurence Alan Tisch has never been one to run with any pack. At the age of 15, while his cronies were playing stickball in Manhattan playgrounds, Tisch was a student at New York University. At Harvard Law School in 1946, he seemed to have a bright future, but then he dropped out. Some 40 years later, having become a tycoon while keeping a low profile, Tisch, 63, has suddenly thrust himself into an unfamiliar spotlight at the helm of CBS, one of America's best-known corporations.

The head of the $17.5 billion Loews corporate empire is often surprising but rarely anything less...

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