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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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092589
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09258900.016
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1990-09-17
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BUSINESS, Page 57Business NotesTYCOONSOrder to Go: One Big Pie
Ever since 1960, when Tom Monaghan opened his first pizza
outlet in Ypsilanti, Mich., the eccentric tycoon has been expanding
his empire like a spinning wheel of pizza dough. But now that his
Domino's chain has 5,100 stores and sales of $2.3 billion, Monaghan
is suddenly ready to move on. In a letter to employees and
franchise owners, the pizza king disclosed that he is looking for
ways to sell Domino's.
Monaghan has been besieged by recent controversies ranging from
his donations to antiabortion groups to the allegedly reckless
driving of his pizza-delivery drivers. But he says that his plan
to "minimize my involvement" springs from his desire to spend more
time on his charitable avocations. One holding that is not for
sale: the Detroit Tigers baseball team, which the fan bought six
years ago.