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LTV Corporation
Ling-Temco-Vought (LTV) was a large American Conglomerate (company), conglomerate which existed from 1961 to 2000. At its peak, it was involved in aerospace industry, aerospace, airline industry, airlines, electronics industry, electronics, steel industry, steel manufacturing, sporting goods, meat packing, car rentals, and pharmaceuticals, among other businesses. It began in 1947 as Ling Electric Company, later named Ling-Temco-Vought, followed by LTV Corporation and eventually LTV Steel until its end in 2001. History Ling Electric Company In 1947, entrepreneur James Ling founded an electrical contracting business, Ling Electric Company, in Dallas, Texas. He lived in the rear of the shop. After incorporating and taking the company public in 1955, Ling found innovative ways to market the stock, including selling door-to-door and from a booth at the State Fair of Texas. Ling-Temco-Vought In 1956 Ling bought L.M. Electronics, and in 1959 added Altec Lansing, Altec Electronics, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Ling
James Joseph "Jimmy" Ling (December 31, 1922 – December 17, 2004) was an American businessman and former head of Ling-Temco-Vought corporation. While at its helm, Ling used LTV funds to purchase a large number of corporations, and was one of the more famous of the 1960s Conglomerate (company), conglomerate managers. As with other conglomerates such as ITT Corporation, ITT, Litton Industries, Teledyne, and Textron, higher interest rates and inflation destroyed LTV in the 1970s. Biography Ling was the son of a Catholic convert who later entered a Carmelite monastery. Ling's mother died when he was young, and he lived for a time with an aunt in Shreveport, Louisiana. He failed to graduate from a Jesuit high school but became a master electrician after training at a US Navy school in Mississippi. In 1947 he founded his own Dallas electrical contracting business, Ling Electric Company, where he lived in the rear of the shop. After incorporating and taking his company public in 195 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
