Word: armacost
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Dates: during 1980-1989
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...billion). As an example of the financial shopping center of the future, Merrill Lynch, in addition to selling its traditional stocks and bonds, will provide customers with money-market funds, sell them life insurance, buy or sell their homes, and lend them money. Says an admiring Samuel H. Armacost, president of Bank of America: "We've already got the nationwide banking of the future. It's called Merrill Lynch...
...Samuel Armacost, a Stanford M.B.A. who took over last week as president of the Bank of America: "There's nothing magical about the M.B.A. It's just natural selection. If you hire the top 10% from the top three or four business schools, your expectations will generally be met in the course of time. Our M.B.A.s are always teaching us new ways of doing things, but performance is all. If an M.B.A.'s peers perceive him as someone who thinks he's different, they'll cut him off, and he won't do well...
...defense, Eckerd President Peter Armacost notes that before working out the plan the college consulted aging teachers and other professionals all over the U.S. Says he: "This is what they're looking for. Our proposed Academy of Senior Professionals is an extraordinary opportunity for people in their senior years. They will have a chance not to relax in the sun and vegetate, but to be productive." Besides, he adds, "if developing the land strengthens the program for 1,500 undergraduates, that is better than the option of having no college...