Word: birk
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...helped change the ways that Americans spend, save and invest their money. No longer content to be merely the top trader in stocks and bonds, the firm is gearing up to challenge such venerable Main Street denizens as bankers, real estate brokers and insurance agents. Says Chairman Roger E. Birk: "We want to service as much of a person's financial needs...
Regan's replacement as chairman, Roger Birk, 50, is a former account executive who joined Merrill Lynch's Minneapolis office in 1954-as a clerk. Like his predecessors all the way back to Merrill, Birk is a planner who sees his company becoming even bigger. Says he: "There's not any single firm that's put all the financial services together, including Merrill Lynch. But I think we're going to be the only one that will be able to pull it off." Merrill Lynch's bold bulls seem destined to range ever more...
...Gary Wenglowski, director of economic research for the investment banking firm Goldman Sachs, previously predicted that the economy would dip in the first half of 1981. But now he foresees a "less severe slowdown that will not be deep enough or long enough to call a recession." Agrees Roger Birk, chairman of Merrill Lynch, the largest brokerage house: "This is not a recession year; it is a transition year...
...corporate chiefs say that relations have improved lately because Carter and his Cabinet are beginning to listen to them. William Hewitt, the chairman of Deere & Co. (farm equipment), reflected on last week's Administration spokesmen: ";They said nothing new, but there is no disadvantage in that." Added Roger Birk, president of Merrill Lynch: "Such communication is a positive thing, and it does help business confidence...
...also a mania, more appealing to many persons than psychotherapy or other relatively demanding kinds of help. Explains Boston Psychiatrist Lee Birk: "Transcendental Meditation appears to be based on art rather than science, and there is something people like about that. The white-coated laboratory researcher is just not as comforting as the Indian guru who has centuries of human wisdom behind him." Even so, the sweeping claims about TM still need to be proved definitively...