James Ling
Businessperson, Deceased Person
1922 – 2004
Who was James Ling?
James "Jimmy" J. Ling, from Hugo, Oklahoma, was a US 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 managers. As with other conglomerates such as ITT, Litton Industries, Teledyne, and Textron, higher interest rates and inflation destroyed LTV in the 1970s.
Ling was the son of a Catholic convert who murdered a fellow railroad worker and later entered a Carmelite monastery. Ling's mother died when he was young, and he lived for a time with an aunt. He failed to graduate from his 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 1955, Ling found innovative ways to market his stock, including door-to-door soliciting and selling from a booth at the State Fair of Texas.
In 1956 Ling bought L.M. Electronics and transformed it into the conglomerate Ling-Temco-Vought.
We need you!
Help us build the largest biographies collection on the web!
- Born
- Dec 31, 1922
- Nationality
- United States of America
- Profession
- Died
- Dec 17, 2004
Submitted
on July 23, 2013
Citation
Use the citation below to add to a bibliography:
Style:MLAChicagoAPA
"James Ling." Biographies.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.biographies.net/people/en/james_ling>.
Discuss this James Ling biography with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In