Word: baldwin
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...Baldwin goes bankrupt
...more than 100 years Cincinnati's Baldwin-United (1982 revenues: $3.6 billion) made sweet music by sticking mainly to the business it knew best, manufacturing pianos. Then in 1968 the company began dabbling in financial services with the $16 million purchase of a Denver bank. That was the beginning of a 14-year buying spree that put Baldwin in businesses ranging from insurance to trading stamps. But the firm stretched itself too far. Last week, after stalling lenders for six months, Baldwin filed for reorganization under Chapter 11 of the bankruptcy laws...
Aloha and goodbye: compared with his native Milwaukee, Honolulu must have seemed like Fantasy Island. He came in 1977 to start a new life. He promptly hooked up with Real Estate Salesman Sunlin Wong and created an investment firm grandly named Bishop, Baldwin, Rewald, Dillingham & Wong. Rewald and Wong, however, were the only unmisleading names on the company's letterhead. The others were included to convince investors that the firm was connected to Hawaii's old-line, blue-chip Bishops, Baldwins and Dillinghams, which it was not. Says one local businessman: "It was as if he arrived...
Though Watt vigorously promoted the plan when it was first introduced, his aides insist that he never had much faith in it. "It was a creation of the White House staff," says Watt's chief spokesman, Douglas Baldwin, who also fixed some of the blame on members of the Office of Management and Budget. "They thought you could get rid of the deficit like Mary Poppins, by just wiggling your nose." But the Secretary went along until recently, when, according to Baldwin, he became convinced that the program had become "a political liability to the President. And once...
Travelling in Virginia that week, Ford Professor Emeritus of Social Sciences David Riesman '31 visited Mary Baldwin College, a women's school, where "the students were telephoning their fathers on nearby Air Force and Army bases, asking if they should go home." These undergraduates feared that their particular country would be targeted by the Soviets because Sen. Barry Goldwater of Arizona, a vehement anti-communist spokesman, had once attended an adjacent military academy, Riesman explains...