Word: binns
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Dates: during 1980-1989
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...hiatus for 15 years." This ultimate nightclub reopened last year after a $20 million renovation, and now receives 1,000 calls a day for reservations. "It's what you wanted to have money to spend on," says Joe Baum, mastermind of the dazzling art-deco aerie. Says psychologist Penny Binn, who dances at the Rainbow Room every week with her husband of 27 years: "I don't know of a place where there are so many unattainable things in one spot...
Inflation and high interest rates are the biggest spurs to bartering. "Barter is a booming business because of the economic climate," says Moreton Binn, 45, chairman and chief executive of Atwood Richards, Inc., of New York, the nation's oldest (1958) and largest bartering organization...
Last year Binn's company made about $220 million worth of deals, many involving major corporations. Among his clients: Rolls-Royce, Uni-royal and Chesebrough-Pond's. One swap involves the Cosco Chemicals Co. of Indianapolis, a division of Kidde, Inc. Cosco is boosting its production of cleansing products by about 20%, trading the cleansers to Binn for $500,000 worth of services including TV and radio advertising time. Binn plans to trade the cleansers to Hilton and Sheraton hotels, receiving in return room spaces plus food and bar credits, which he will offer to other Atwood Richards...