Word: bankerly
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Dates: during 1970-1979
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...court ordered both papers to print retractions; both refused. Said Sun Publisher Donald H. Patterson: "There is simply nothing to retract." Each newsman was ordered to pay $1,647 in court costs; the Times was weighing its response, but the Sun decided to pay. Said Managing Editor Paul Banker: "We don't want to appear defiant of the Soviet judicial system, such...
...account, some directors wanted to keep the affair quiet. They hoped to protect Begelman, whose smash films (Close Encounters, The Deep) had saved the company. But Hirschfield insisted on suspending Begelman and revealing his wrongdoings. With that, Hirschfield lost support of the board powers, notably his longtime mentor, Investment Banker Herbert Allen. Begelman was indicted for fraud and placed on probation for three years. Even so, he has a $1.5 million three-year contract as an independent producer for Columbia...
...others: former Vice President Nelson, 70; Conservationist Laurance, 68; Banker David, 63; and former Governor of Arkansas Winthrop, who died...
...money when he appointed Miller, but he must know better by now. Both Miller's target and some of his rhetoric are so close to Burns' as to make many moneymen contend that, for all the differences in personality and style, Miller is a bred-in-the-bone central banker after all. Says Charls Walker, former Deputy Secretary of the Treasury: "I lost about $100 in bets that Burns would be reappointed. I'm thinking of asking for my money back. Arthur Burns was reappointed, only his name is now William Miller...
...ticket to a swimming pool. Stephen S. Gardner, a former chairman of Philadelphia's Girard Trust Bank, is an economic moderate, and Philip Coldwell, once head of the Dallas Federal Reserve Bank, is a hardline conservative who considered Arthur Burns too liberal. Philip Jackson, an Alabama mortgage banker, is noted more for his hunting prowess than his impact on policy...