Feb. 04, 1991: Business Notes:Corporate Leaders TIME--The Weekly Newsmagazine--1991 Feb. 04, 1991 Stalking Saddam
Time Magazine BUSINESS, Page 60 Business Notes CORPORATE LEADERS Hold the Flamboyance

In these troubled times, ostentatiousness is out, austerity in. One person heeding that message is Tom Monaghan, the centimillionaire founder of the Domino's Pizza chain (1990 revenues: nearly $2.7 billion). Monaghan, an architecture aficionado and leading collector of Frank Lloyd Wright artifacts, has decided to abandon his $5 million dream house. Even though it was one-third completed, Monaghan halted construction of the 22,000-sq.-ft. mansion in Ann Arbor, Mich., which he had intended to be the keystone in a development of exceedingly expensive mansions designed by eminent architects. The pizza tycoon, who is shifting his attention toward charitable works, felt he could no longer justify spending so much on a personal whim. Said he: "I began thinking, `My gosh, am I building this out of pride, or what?'" Humility has its limits: he plans to keep his multimillion-dollar auto collection.