Word: broker
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Dates: during 1960-1969
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...Derby has always been a crazy race. Some winners of past Derbies, like Broker's Tip and Morvich, never won another race in their lives. Could that be Proud Clarion's fate? One famous Derby loser, Native Dancer, never lost another race. Could that be Damascus? Some of the greatest horses of all time never even raced in the Derby. Could one of those turn out to be In Reality, a likely starter tomorrow...
...racket. Fast-buck operators would talk a homeowner into making improvements such as installing a new heating system or aluminum siding. The owner signed a credit agreement. The work, usually cheap and shoddy, got done and the fast-buck men sold the credit agreement at a discount to a broker, commercial finance firm or a bank. If too many angry and defrauded homeowners threatened, the company simply folded. It was a business particularly vulnerable to bad publicity, and Karafin and Scolnick said so to one of its practitioners, Joe Py. Public Relations Man Karafin, they said, could help...
...Hero Business. Licensing was just the outfit to tell them. It acts as a sort of broker in what Chairman Jay Emmett, 39, calls the "hero business." It contracts for the licensing rights to properties ranging from TV characters to sports figures. It then licenses manufacturers to use the names to jazz up their own products. Now, with a score of salable names in hand-including TV's Batman and Mission: Impossible-Licensing grandly claims to be No. 1 in "an industry that represents $400 million in annual retail sales...
Such critics reflect a tendency to categorize Martin as a diehard, unswerving conservative-but Martin's record belies the notion. He is, rather, a monetary pragmatist who makes, and changes, policy according to what he sees as current requirements. A lifelong Democrat, Martin was a successful Wall Street broker and a familiar figure in Manhattan nightspots in the '30s. When he was named chairman of the New York Stock Exchange in 1938, President Roosevelt told him: "Your job is the worst in the world-next to mine." After leaving the exchange, Martin served as president of the Export...
Grimly Defiant. Her conviction, which she plans to appeal, was just a start. For one thing, her broker, Robert J. Breckenridge, a former president of the Toronto Exchange and onetime chairman of the city's Better Business Bureau, has also been charged with wash trading in the Golden Arrow case. And Viola herself, together with her husband, will stand trial on more serious fraud charges because of their Windfall dealings. For all her troubles, the Queen Bee remains grimly defiant. "They can't take my love of mining away from me," she said last week...