The Loews Corp. of today is a very different company from the one founded more than 50 years ago by brothers Laurence A. Tisch and Preston Robert Tisch. Under the brothers' stewardship, the hotel company has grown to include businesses as diversified as Lorillard, the U.S. cigarette maker; insurance provider CNA Financial Corp.; Diamond Offshore Drilling Inc., which operates one of the world's largest offshore drilling fleets; and Bulova Watch. So at the end of 1999, when the co-CEOs passed ...

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