![]() Clifford Perlman then sold both Dade and Dirr's in 1970, raising $8.5 million and $5 million respectively - more than enough to supply the $2 million escrow that was part of the deal between their company and Jay Sarno. The three businesses combined to bring Lum's sales for 1969 totalling $23.2 million, yielding a net income of $2.8 million-too small a bankroll to meet the $60 million purchase price of Caesars Palace. Dade owned an 86-unit string of Eagle Army-Navy Discount Stores, which grew to 111 stores under Perlman stewardship. Their third subsidiary, Dade Wholesale Products, was their only concern outside the food industry. Perlman and his brother also owned Dirr's Gold Seal Meats, a business large enough to supply the Lum's chain with 25 percent of its packed meat products while keeping other eateries stocked as well. With Clifford commanding and Stuart executing, they had within a couple of years established a 389-unit franchise chain that spanned Canada, Puerto Rico, and 29 American states. In 1956, Perlman and his brother Stuart founded the first store of fast food chain LUMS Inc. He practiced law for nine years under the firm name Perlman, Litman and Sponder. He was admitted to federal and state bars in 1951. He was the founding member of the Bar and Gavel Legal Society and editor of the first law school newspaper, The Barrister. ![]() Returning from the war, Perlman enrolled at the University of Miami in 1947, and the University of Miami School of Law, 1948. Perlman was awarded the Combat Infantryman Badge, three Battle Stars and the Bronze Star. Army, stationed at Camp Blanding, Florida, and subsequently joined the 86th Infantry Division, Perlman was shipped to the European Theater, 1944, and served through the end of the war. Perlman was born March 30, 1926, in Philadelphia, Pennsylvania, where he attended primary and secondary school. 3 Cliff Perlman and the Gaming Industry.
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