Word: brokering
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Dates: during 1960-1969
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...that while there was joy in Saigon over Lodge's nomination, there was also "stealthy satisfaction among Washington doves." If Nixon were preparing to cut U.S. losses in Viet Nam and settle for less than Lyndon Johnson was willing to concede, she argued, Lodge would be the ideal broker. His past credentials as an unbending anti-Communist would help convince American opinion that the U.S. was making the best possible deal...
...survival." Though it accounts for only 1.3% of all U.S. stock transactions, the P-B-W is the third largest of the nation's nine regional securities markets, after the Midwest and Pacific Coast exchanges. More than three-quarters of its annual 45-million-share volume comes from brokers outside Philadelphia. Most of that business involves stocks listed on the big New York exchanges. Says Wetherill: "No broker would do business with us when he could save his customer the 50 a share on the other regional exchanges...
...Mates. His $32 million Mates Investment Fund has risen 153% in per-share asset value since the beginning of 1968, the highest growth rate of any fund. A onetime English teacher who learned how money talks in 13 years as a highly successful market analyst and big-account broker, Mates is truly the personification of self-confidence. On one wall of his office, he keeps a framed parody of an old Wall Street slogan: "Invest, Then Investigate...
Help for Hungary. The new boys have added vitality to the still overly inbred firm. Headquartered in London's City, the British Rothschilds retain their prestigious positions as gold broker to the Bank of England and substantial dealers in foreign exchange. Since 1966, they have entered industrial ventures with Britain's National Provincial Bank and with four Continental firms, including Baron Guy's Paris bank and Cousin Edmond's* Banque Privee in Geneva. In May, the firm assembled a syndicate that lent $15 million to Hungary, the first direct credit by Western lenders to an East...
...watchmen." As late as the 1930s, Pinkertons were finding congenial work playing labor spies on behalf of management. For today's Pinkerton heirs, however, the intoxicating old self-righteousness is gone. Robert II, the fourth generation of detective Pinkertons, who would have preferred to remain a Wall Street broker, is now chairman of the board. Seventy branch offices are tamely staffed with 13,000 full-time employees-and college degrees are "preferred." Pinkertons patrol race tracks with miniature cameras and walkie-talkies, and protect the clam-and oyster-seed beds of Long Island with a radar-equipped Pinkerton navy...