At its peak, it was involved in aerospace, airlines, electronics, steel manufacturing, sporting goods, meat packing, car rentals, and pharmaceuticals, among other businesses.
After incorporating and taking the company public in 1955, Ling found innovative ways to market the stock, including selling door-to-door and from a booth at the State Fair of Texas.
In 1961, using additional funding from insurance businessman Troy Post and Texas oil baron David Harold Byrd, they acquired Chance Vought aerospace in a hostile takeover.
With low interest rates allowing the company to borrow huge sums, Ling built one of the major 1960s conglomerates.
Given the fairly unsophisticated stock research of the era, the company appeared to be growing without bound, and its share price rose.
In 1968, Ling-Temco-Vought added Greatamerica Corporation, Troy Post's holding company for Braniff International Airways and National Car Rental,[2] and J & L Steel.
By 1969, LTV had purchased 33 companies, employed 29,000 workers, and offered 15,000 separate products and services, and was one of the 40 biggest industrial corporations.
Eventually, the board of directors demoted James Ling in 1970, and he left the company, to be replaced by former Ling-Temco-Vought executive Paul Thayer.
[4] The company went into a series of divestitures, most notably the entire LTV Aerospace division; the aerospace component retained the legacy Vought name as the independent Vought Corporation, while the missile component later became part of Loral Corporation[5] and later became the Lockheed Martin Missiles and Fire Control division.
The building's new owners used the letters of the name to create a promotional tagline for the property: "Love The View".