Word: amex
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...companies still in the bidding for the Boston franchise--Warner Amex and Cablevision--say they want the contract here for their "track record" to bid for future projects across the country. Sheila Mahony, vice president of Cablevision, says her company is "anxious" to work with Boston because the city's system is "already precedent-setting." And Borton, the man setting those precedents in hopes of making Boston an example for the nation, is anxious to see his ideas in action.CrimsonAmanda E. Well...
...experiment begun last month, Amex is offering MCI's cut-rate telephone service to about 120,000 of its 9.5 million cardholders. Early interest has been encouraging. The MCI offer has drawn three times the usual response for a direct-mail campaign. The new agreement will enable American Express to move deeper into the communications business, where it has already been active through a cable TV partnership with Warner Communications. It will also help MCI by giving the company a new market for its already existing telephone service. Says Chairman William McGowan: "With its cardholders, American Express can fill...
...grow large enough to be listed on the Big Board, the New York Stock Exchange. Levitt, who now earns more than $200,000 a year, says he discovered that these companies had "little representation in government and very little control over their own destinies. I felt the Amex could become a spokesman for that neglected constituency...
...prods the heads of Amex-listed companies to lobby, too. When the Amex co-sponsored a management conference in Washington last month, the 150 chief executives who came were urged to invite a Congressman to dinner. The Amex also invites two dozen or so of its company presidents to attend briefings held for businessmen by members of the White House senior staff every six weeks...
Often Levitt visits Amex-listed companies and attends their annual meetings...