Word: banker
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Dates: during 1960-1969
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Samaritani is described by some of his colleagues as "a human computer." An ex-banker who joined Immobiliare in 1933, he has been the man primarily responsible for converting the company from a land investment firm into the construction titan it now is. Washington's Watergate project is part of his latest drive to diversify Immobiliare by moving abroad. Besides Watergate, Immobiliare is now building apartment houses in Paris and Montreal, and is negotiating to build three 45-story office buildings in Montreal's Victoria Square, the heart of the city's financial district...
Mutual Aid. The bank's new direction was set by current Chairman S. H. (for Sieng Heng) Ho, 62. Spotting the success Western banks were having by talking about "your friendly banker." Ho began to woo the small savers who had been overlooked by the older banks in Hong Kong. Like Tammany ward heelers in the 1870s, Hang Seng men greeted incoming refugees, helped to straighten out their visa and legal problems and to find them homes. Today, Hang Seng sometimes seems to be one big Chinese mutual aid society devoted to sending mourners to its clients' funerals...
Without a Plan. Ampex got into trouble by growing almost without effort-and without planning. In 1955 Ampex Founder Alexander M. Poniatoff,* a brilliant engineer with scant taste for administration, stepped up to chairman and turned over operational control of the company to ex-Banker George I. Long Jr., 55. Faced with a constant proliferation of products, Long tried to meet the situation by decentralizing Ampex into five divisions, each so loosely controlled that it amounted almost to an independent company. This added millions to overhead-millions Ampex could no longer afford when the 1960-61 recession began...
According to Vellucci, Rudolph was summoned from his job as a Baltimore assistant traffic director by "some banker," then spent the summer "working with the Harvard Trust, the Cambridge Trust, and the University" to produce a traffic survey of Harvard Square...
...highest salary in twelve terms was only $9,300. But Bridgeport, Conn.'s late Mayor Jasper McLevy, 84, a Socialist with a banker's respect for a dollar, proved as frugal with his own funds as he had been with those of his city. He left an estate of $125,000, most of which goes to his wife and family, with one $600 bequest set aside to establish an appropriate annual essay prize for high school seniors. Subject: "How to Set Up an Annual Budget for the City of Bridgeport...