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Ling-Temco-Vought
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====Conglomerate and antitrust problems==== Ling-Temco-Vought had a combined sales of $3.6 billion in 1969 (${{formatprice|{{inflation|USD|3600000000|1969}}}} today),<ref name="FundingUniverse" /> but investors found that the conglomerates were not growing any faster than the individual companies had before they were bought out. Share prices plummeted, sparking a [[bear market]], and a general feeling arose that conglomerates were to blame for the market woes. An antitrust lawsuit was filed that year. Eventually, the board of directors demoted James Ling in 1970, and he left the company, to be replaced by former Ling-Temco-Vought executive [[W. Paul Thayer|Paul Thayer]].
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