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Word: bankes (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...well." The forced exile of Stevens directors began in March 1978 when labor unions, backed by the ACTWU, threatened to withdraw more than $1 billion in pension funds from Man Hanny unless it dumped two of its directors that were also on the Stevens board. Four months later the bank accepted the resignation of Stevens Chairmen James D. Finley and David W. Mitchell. About his resignation Finley said wryly, "You don't stay where you're not wanted." A few weeks later, Mitchell, chairman of Avon products, resigned from the Stevens board in response to letters from union sympathizers threatening...

Author: By James L. Tyson, | Title: Ray Rogers Hits J. P. Stevens Where it Hurts | 9/26/1979 | See Source »

...campaign will revert to the traditional power of numbers on October 11, when 5000 laborers will rally outside the Seaman's Bank headquarters to call for an end to the "J.P. Stevens-Seaman's Bank connection." It will be the visible sign of what Rogers claims will be increasing pressure on Stevens Director E. Virgil Conway, who doubles as chairman and president of Seaman's Bank. Next on the campaign's hit list is Sidney Weinberg Jr., a partner of Goldman, Sachs, the investment banking firm. When and if he is forced off the Stevens board, the campaign will once...

Author: By James L. Tyson, | Title: Ray Rogers Hits J. P. Stevens Where it Hurts | 9/26/1979 | See Source »

Stevens, meanwhile, remains relatively silent on the corporate campaign, making neutral but subtly alarmed statements like "If, in the future, we are to see the potential use of bank deposits and pension funds to dictate the operating policies of banks and corporations, then the future of our economic system will obviously be dramatically different than its past and present." The financial newspaper Barrons is a bit less muted. In an interpretive piece it said, "The ACTWU vs. J.P. Stevens is no labor dispute; it is class warfare in disguise...

Author: By James L. Tyson, | Title: Ray Rogers Hits J. P. Stevens Where it Hurts | 9/26/1979 | See Source »

...tantalizing hints that the Saudis were still very much involved behind the scenes in trying to influence the outcome of a Middle East settlement. TIME'S Cairo bureau chief Dean Brelis learned last week that Saudi Arabia, through a third party, recently deposited $500 million in a Denver bank. It was a sum that the Saudis had promised Sadat for the purchase of 50 F-5s and had withheld after Camp David. Although F-5s are no longer on Sadat's shopping list, the money is presumably there for him to buy the F-4 Phantoms...

Author: /time Magazine | Title: MIDDLE EAST: Good Chemistry All Around | 9/24/1979 | See Source »

...even with the bank borrowings lined up by Chairman John Riccardo and cost-cutting measures that have already saved $650 million, Chrysler will still face a cash shortage of $2.1 billion between now and 1982. The company has "some confidence," the report says, that it can raise $900 million, probably through further sales of assets and some breaks on wages, prices, and loans from its unions, suppliers and banks. But the remaining $1.2 billion will have to come from the Government in the form of an immediate loan guarantee of $500 million and a $700 million "contingency" loan guarantee because...

Author: /time Magazine | Title: Business: Driving for a Rescue Deal | 9/24/1979 | See Source »

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