Word: brokered
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Dates: during 1980-1989
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...spend much of his hour-long commute singing with the radio. Last year he stopped the music and began studying to become a stockbroker. "I made tapes of the texts and took notes while I listened on the drive to and from work," explains Jenson, who is now a broker in the Westwood office of Merrill Lynch. "It's amazing that I didn't hit anyone." Using the rear-view mirror, many men shave with electric razors and women often apply their makeup. Some people even dress behind the wheel. Janice Conover, a Hampton Jitney Co. bus driver who regularly...
...court's ruling involved a suit by the McMahons, who own a funeral home, against giant Shearson Lehman/American Express. Back in 1984 the McMahons charged that their Shearson broker had churned their brokerage accounts, meaning that a variety of trading transactions were conducted solely to increase the brokerage commissions. The McMahons' contract with Shearson provided that disputes involving the handling of the account should be settled by private arbitration. By upholding that provision, the court ensured that brokerages will be able to divert hundreds of lawsuits from the courthouse to the arbitration room. Shearson estimates that it will save...
...immediate future, Greenspan is likely to follow Volcker's anti- inflation policies. Says Harry Kalberman, a broker at Merrill Lynch and a close Greenspan friend: "People who think he will allow inflation to come back are fooling themselves." Agrees Jerry Jasinowski, chief economist of the National Association of Manufacturers: "Philosophically, he may feel more strongly about reducing inflation than Volcker...
Hart's fast-blooming friendship with Broadhurst was the stuff that every Washington power broker dreams of: a close association with the man who could be the next President. Although Broadhurst had limited political contacts outside Louisiana, he often traveled with Hart on forays through the South. On a Friday night in early March, Hart and Broadhurst were relaxing on a yacht in Miami harbor after a fund-raising dinner. As Rice tells it, she wandered aboard by chance and encountered Hart. She told the former Senator, "You probably don't remember, but I met you at Aspen." Hart admits...
...Mart now has tremendous momentum, but the founder is still a prime force. The son of an Oklahoma farm-mortgage broker, Walton earned an economics degree from the University of Missouri and joined J.C. Penney in 1940 as an $85-a-month trainee. After serving in the Army, he pooled his savings and borrowed $25,000 to buy a Ben Franklin store in Newport, Ark., in 1945. By the late 1950s he owned more than a dozen similar stores, but decided that the future was in discounting rather than in five-and-dimes. After studying a K mart in Chicago...