Word: baum
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Honecker proved a dutiful deputy to Ulbricht, affecting the same wide-brimmed Panama hats and gray suits that are the old man's trademarks. Politically, Honecker, now 58, is, if anything, even more doctrinaire and rigid than Ulbricht. "Honecker is a stubborn dogmatist," says Werner Baum, a former East German official who defected two years ago. The years of solitary confinement left their mark on Honecker, an obsessively neat man who wears heavy hornrimmed spectacles and is known as "Granite Face" among East Europeans. "If he were not so utterly dedicated to orthodoxy, one could say he was totally...
...Trusting. Within a few days after the bills were introduced, large purchases of shares in National Bankers Life Insurance Co. stock were made by Governor Smith; Gus Mutscher, speaker of the state house of representatives; Elmer Baum, head of the Democratic state executive committee; State Representative Tommy Shannon, who introduced the legislation; and W.S. Heatly, chairman of the state house appropriations committee. They and other influential Democrats bought the stock at between 11⅛ and 13¾ a share. Much of the buying was done with loans from the Sharp-controlled bank, with the stock itself as collateral...
Among the beneficiaries of that trust were Governor Smith and Baum, who, buying shares and selling them at the inflated price, netted $125,000 between them. Speaker Mutscher said that he eventually lost money because he bought back in, but on his original purchase he is said to have made between $50,000 and $100,000. Shannon cleared $30,000, and Heatly $34,000. The SEC documents did not list a specific profit for Sharp. But he benefited by having the use of some of the Jesuits' funds during the frequent dealings between them. Also, his enterprises would have...
...officials questioned Governor Smith in December, he declined to give evidence under oath. Smith maintains, however, that he has done nothing wrong. Joseph Novotny, former president of Sharp's bank, told investigators of getting a request from an intermediary to destroy the records of Smith's and Baum's transactions. Announcement of the SEC charges last month produced the run on Sharpstown State Bank that led to its closing down...
...Baum said that he offered to help Paul in finding a job. "I'm not interested in an individual settlement for myself. I want to see an end to all policies of discrimination against women in the Harvard Business Club and at the Business School," she said...