Word: brokering
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...must be done carefully, but does not believe its abolition would mean the end of the N.Y.S.E. Even in advance of any change in the rule there are already signs of a trend away from the floor. Merrill Lynch, Pierce, Fenner & Smith, the nation's largest broker, is on the verge of starting a plan under which it would trade odd-lot orders (those for fewer than 100 shares) in its own offices. That would save odd-lot buyers and sellers an eighth of a point price differential that they must now pay to get their orders acted upon...
...Somebody. As a young minnow among real estate sharks, Ringer, now 37, was repeatedly cheated out of most of his broker's fee in "routine commissiondectomies." Then he discovered what he calls intimidation−really traditional oneupmanship. He started sending lavish 10-in. by 10-in. brochures as calling cards−each costing about $5 and featuring a glossy photo of the earth as seen from an Apollo spaceship. The legend: earth is "an investment to the wise." Explains Ringer: "The brochure was intimidating. I was not just another member of the pack. I was obviously 'somebody...
Harvard's other power broker, Hale Champion, financial vice president, is like one of those wealthy industrialists who's always doing things but manages to keep his name out of the papers. If it's big and ambitious at Harvard, Champion is usually behind...
...roving weapons buyer during the 1948 war of independence. As Commerce and later Finance Minister for most of the past 20 years, Sapir was Israel's Midas, tapping his broad foreign contacts for the billions of dollars needed for arms and industrialization. A behind-the-scenes political broker in Israel's ruling Labor Party, he was instrumental in the rise of Levi Eshkol, Golda Meir and Israel's current Premier, Yitzhak Rabin. A self-proclaimed dove, Sapir favored giving up captured Arab territory in return for an early Middle East peace agreement. After leaving the government last...
...outside the magazine Lownes has not spared Hefner's personal talismans. The black, $5.9 million "Bunny Jet," a specially outfitted DC-9, has been consigned to a broker for sale, and the Playboy Mansion in Chicago virtually closed. Says Lownes of Hefner, who is 49, "His life-style no longer has the promotional value it once did." But Lownes is convinced that the corporation is still potentially a rich moneymaker. "This company is doing a good business," he says. "If we can only stop pissing away the profits...