The Wreck of the Oglebay Norton

Cleveland Scene | September 24, 2004
Oglebay Norton was once "the most conservative, risk-averse company that ever existed," according to one analyst. Then a respected, ambitious CEO, John Lauer, sank the shipping and mining company in a sea of red ink.

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In 1970, Richard Kabat saw an opportunity for an entertainment-centric weekly and launched Cleveland Scene with a loan from his brother. Then he and his inexperienced staff held on long enough to catch one of the last waves of money...
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