Word: broker
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...Three. Wall Street looked into Kreuger's hypnotic, ice-blue eyes and found that it could not resist this charmer. The staid and honorable banking firm of Lee, Higginson & Co. begged to be his broker and soon bore him a bouncing new corporation, International Match. Kreuger promptly convinced the directors, among them Percy Rockefeller, nephew of John D., that the millions raised from this and subsequent flotations should be deposited by him with a European subsidiary, to "avoid taxes." Kreuger, in turn, would mail back the dividends, some of them as handsome...
...acceptable risk, will as gladly work out insurance for a $20,000 cotton shipment as a $2,000,000 offshore oil-drilling rig, or a $20 million pipeline. While M. & M. does not carry the actual fire, casualty, loss, or accident insurance itself, it acts as an expert broker, helping companies place their insurance as cheaply as possible. One result of such diversification is that while many casualty insurance firms hit rocky going in 1956, M. & M. wound up its best year, handled total premiums worth hundreds of millions, totted up gross revenues of more than $20 million from commissions...
...decided to make a clean break from baseball. Last week Bob Feller turned down an offer of a front-office job with the Indians and hung up his uniform for good (his No. 19 will be retired from use). From now on he will be a part-time insurance broker, a radio and television executive, and a full-time...
...away from his father's farm in Corsicana, Texas to find a way to make the money flow faster. His qualifications, as his daughter later said, consisted only of "a lot of books, a lot of guts and a lot of ambition." Odie became a hotel broker, a man who lurks in hotel lobbies ready to spring out at a passing acquaintance with the magical whisper: "I've got a deal...
...more than 50 years the Los Angeles and San Francisco Stock Exchanges have operated independently of each other-sometimes with a loss of business for both. A Los Angeles broker who wanted to sell stock, for example, often could find no buyers, though there might be dozens in San Francisco. This week, with the Securities and Exchange Commission's approval, the two West Coast exchanges joined together as the Pacific Coast Stock Exchange. In 1956 the combined total of the number of shares traded in both exchanges exceeded 38,000,000, making the Pacific Coast Stock Exchange the second...