Word: bank
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Dates: during 1960-1969
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...turned in a first-rate jurist's performance when assigned to an administrative court in De Gaulle's postwar government. Without ever having trained as a banker, he attracted the attention of Guy de Rothschild, rose to become chief administrative officer of France's Rothschild Bank in the 1950s. Without ever having delivered a public speech, joined De Gaulle's own party or stood for election, Pompidou, at 50, was appointed Premier by De Gaulle six years ago. From the start, he performed with grand personal style and only an occasional political misstep...
There is a sort of psychology working in favor of such underestimations. Explains Conrad Jamieson, the vice president and chief economist of Los Angeles' Security First National Bank: "If you underpredict, you can always say, 'Gee, we did even better than I had predicted,' and it's not so bad. But then if you say, 'Well, we didn't do as well as I thought we would,' you look a lot worse...
Like Going to the Bank. Beyond insisting on reasonable prices and courteous service, Jewel's top brass give their underlings remarkably free rein. They have divided Jewel into eleven individual "companies," each of them virtual fiefdoms whose executives receive from headquarters little more than general guidelines. "It's almost like a businessman going to his banker," says one company official. As if to emphasize their autonomy, Jewel's latest annual report contains photographs of 55 such middle-range executives-but none of either Chairman Clements or President Perkins...
...Nemours & Co. revolutionized the textile industry by introducing a man-made fiber named nylon. Since then, Du Pont has continued to mount an impressive list of synthetic firsts in textile fibers, including Orlon, Dacron and Teflon. Last week at a press preview in Manhattan's First National City Bank Building, the chemical Goliath unveiled its latest unnatural discovery: Qiana. (Pronounced...
...Blondes. Never, in the 18 years since he fled East Germany as a penniless refugee, has Richter's prestige been higher. Many a city-notably Vienna-has tried to lure him from Munich, but he is not budging. Why should he, when bearded students, blonde duchesses, convent novices, bank presidents and scientists are fighting for tickets to his concerts? He lives a lonely personal life-smoking nervously on long, solitary walks along the banks of the Isar River, draining bottle after bottle of beer while studying at night. But his relationship with his public is a happy affair, best...