Word: abboud
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Dates: during 1980-1989
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Egyptian officials said the mastermind of the plot was Abboud Zomor, a major in the Egyptian army who deserted several weeks before the assassination. Zomor was captured two weeks ago after a gun battle near the pyramids. The four other men captured immediately after the attack are now reported to be in good health, and will soon be tried and, if found guilty of murder, presumably executed...
...colleagues at the bank, he was unquestionably a whiz at finance, but around the office he seemed to some more like a human buzz saw-pugnacious, cutting, even on occasion rude. Yet apparently the very qualities that wound up costing A. Robert Abboud, 51, his post in April as the $265,000-a-year chairman of First Chicago Corp., the nation's ninth largest bank holding company, have landed him another top job at nearly twice his old salary. His new employer: Los Angeles-based Occidental Petroleum Corp., the nation's twelfth largest oil company...
Occidental's aged, autocratic chairman, Armand Hammer, 82, shoved aside the president he had installed only last year, Hungarian-born Zoltan Merszei, 57, an effective but sometimes abrasive former chairman of the Dow Chemical Co., and replaced him with Abboud. The ex-banker thus became the fifth man tapped for the Oxy-Pete presidency in the past decade by Hammer, who after 23 years at Occidental shows no signs of wanting to yield real authority to any possible successor. Said Hammer of his latest No. 2: "He's a brilliant banker and a smart businessman...
...friends on Wall Street and none at all on the Securities and Exchange Commission, which has charged that in effect the company's board of directors amounts to little more than a rubber stamp for the chairman. So far, there is slight reason to believe that Abboud's arrival will change Occidental's one-man-band character very much...
Your tale of two troubled banks [May 12] does a great injustice to two remarkable men: Robert Abboud and Harvey Kapnick. To characterize their association as "Frankenstein's monster meeting Dracula" is inaccurate and unjust...