Word: boeings
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Dates: during 1980-1989
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...more sales out of existing customers was behind Sears' acquisition in December 1981 of Dean Witter Reynolds Organization stockbrokers and Coldwell, Banker, a national real estate firm. When Sears was struggling to get out of its 1970s slump, a strategic planning committee looked at diversification. Recalls President Archie Boe, 62, who will retire next March: "We studied every industry in the U.S." After looking at areas as diverse as steel and automobiles, Sears decided to go into financial services...
...paper, Ruth Boe, 72, is a wealthy woman. Since she bought her modest six-room house near San Francisco in 1950, its value has surged from $10,500 to $139,000. But interest payments on her savings, plus a monthly $395.50 Social Security check, are not enough to pay for her rising food, utility and repair bills. Desperate and disheartened, Boe feared that if her savings became depleted, she could be forced to sell her home in order to raise enough money to live...
Last month the Crocker National Bank solved Boe's cash problem. The mechanism: a reverse mortgage, meaning in essence a loan against the value of her house. For the next six years, she will receive a monthly payment of $746.50. Then at the end of that period, she can sell the home in order to pay back the money or she may be able to take out an additional loan, provided that her home has continued to increase in value. Says Boe happily: "I urgently needed the money. It's my home, and I love...
...coaches in the game. It was Arbour who sent his players to an ophthalmologist to work on hand-eye coordination and hired a figure-skating coach to improve footwork. Torrey kept his team going in the face of bankruptcy for years after the Islanders' former owner, Businessman Roy Boe, overextended himself trying to finance a franchise in the National Basketball Association...