Ling: The Rise, Fall, and Return of a Texas Titan

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Jim Ling, a self-made entrepreneur with no formal education beyond high school, created and led Ling-Temco-Vought, a major corporation that once ranked 14th on Fortune's 500 list. His innovative approach, dubbed Project Redeployment, initially dazzled Wall Street but ultimately led to his ousting as the company's financial strategies faltered, resulting in bankruptcy. Unlike other corporate moguls, Ling maintained his integrity despite his downfall, investing all his wealth in his company. The narrative highlights the allure and risks of financial manipulation over solid management.