Word: bank
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Dates: during 1960-1969
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...question in Britain, and around the world, was whether the devaluation would really work. The bankers of The Club are understandably a skeptical lot where British promises are concerned. Early last week several dismissed talk of devaluation. "A temporary respite," said the Deutsche Bank's Hermann Abs. "Not a real solution," observed Swiss Union Bank Chairman Dr. Alfred Schaefer. "Devaluation alone would only be a temporary measure," said Bank of America President Rudi Peterson. The British are well aware that devaluation alone is not enough. Chancellor Callaghan indicated that the government would couple it with enough muscle at home...
...School of Business. And the dean it was-Ernest C. Arbuckle, 55, voted Stanford's "red-hot prof" in a campus-wide poll and thereby condemned to wield the megaphone in the football game with Oregon. Arbuckle, who will take over as board chairman of the Wells Fargo Bank next year, forgot his ticket to the game and had to talk his way past a Pinkerton to get into the stadium...
...first the new trees had to be imported from nurseries as far away as the Atlantic seaboard. Finally the town established a local "tree bank" that now covers 50 acres. On the tenth anniversary of the coming of the bulldozers, St. James can boast today that it has planted some 27,000 new trees-roughly nine for each of its inhabitants-and now qualifies as one of the most densely and handsomely wooded towns in the nation...
...their worries, businessmen rarely sound like apocalyptic prophets. Yet last week President Rudolph A. Peterson of the San Francisco-based Bank of America, the world's largest private bank, gave ominous voice to a problem that increasingly dismays many U.S. leaders. In a London speech, Peterson warned that Europe's "new economic nationalism" and the protectionist response it seems to be stirring up in the U.S. have created an impasse that could undermine world prosperity and even lead...
Shadow & Substance. Peterson not only backs Ball's suggestions, but last week he also urged the world's businessmen to nudge their governments toward six other reforms: 1) a multinational investment guarantee system within the World Bank to ensure against what he called "nonbusiness" (political) risks, 2) an international legal code to protect private property from expropriation, 3) development of the European capital market, 4) more closely meshed national patent systems, 5) broader approaches to antitrust problems and 6) a freer flow of technology. "We have created the illusion of multinationalism without the reality, the shadow without...