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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (74493)	1/26/2000 12:21:00 PM
From: Knighty Tin	Respond to of 132070

Joan, Close, but no ceegar. Gulf Oil was the co. you were talking about. The CEO was "shocked" when his good friend at Texaco took his co. for a song. <g> Gulf and Western was a conglomerate that included Paramount Pictures. Thus, in the Mel Brooks classic, "Blazing Saddles", his reference to "Engulf and Devour Them." Conglomerates were the glamor stocks of the late 1960s, early 1970s, getting internut style valuations. However, G&W never quite got as overvalued at Litton, Ling-Temco-Vought, and Teledyne, the kings of the category.