Word: botton
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...lending officer of a big New York bank believes that at least 100 companies among the 1,000 largest American firms have "potentially serious problems." Adds Gilbert de Botton, president of Rothschild Inc. in New York: "Everybody on Wall Street expects at least one major bankruptcy before the end of the recession...
...year its return on current investment of $17 million was 35%. In July, its American chairman John P. Birkelund, 51, asked the Rothschilds for more control over the firm. Instead, the family sacked Birkelund, named Guy and Evelyn as cochairmen, and installed a new manager, Family Confidant Gilbert de Botton...
...Rothschild man in New York City had previously directed the family's bank in Zurich, which grew from a paltry $2.5 million in 1968 to its present capitalization of more than $35 million. De Botton is currently investing heavily in sagging stocks of U.S. energy companies, especially those with large domestic reserves of oil and gas. He also plans to strengthen the firm's venture-capital thrust. Says he: "The U.S. is the prime market hi the world for startup, small and medium-size companies...
Admitting he felt pressure when he stepped into the national-championship-size-shoes after Barnaby's retirement in 1976, Fish said. "My game plan was to let both teams sink to the botton right away, and then begin to re-build...
...University for directly mishandling his money. The Harvard Management Company points to its extremely impressive and respected track record and the sizable University endowment--well over $1.7 billion--that it proffers as evidence that Harvard is acting as wisely as it can. The "Every Tub On Its Own Botton" system, a pet phrase the Office of Budgets uses to connote Harvard's decentralized budget management, has functioned to insure informed budget planning and to discourage deficit spending. And though it might seem like the University is rolling in money, the tidy sums it has banked away are crucial to survival...