A Dogfight Over 950 Customers

For three decades, Gulfstream Aerospace Corp. has dominated the market for that ne plus ultra of corporate high life: the large business jet. Gulfstream's customers for its current jet--the $27 million G-IV--include General Electric Co.'s John F. Welch, Walt Disney Co.'s Michael D. Eisner, and such stars as Bill Cosby. Appropriately, Gulfstream itself is owned by Wall Street's elite Forstmann Little & Co., which bought it from Chrysler Corp. for $825 million in 1990.

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