Word: bullish
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Dates: during 1960-1969
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Every chief executive takes pleasure in delivering good news to his stockholders-and the opportunity has rarely been better. Last week, in the largest concentration of the year, more than 100 U.S. companies held their annual meetings. The reports were overwhelmingly bullish, and many corporate chiefs echoed the forecast of Du Pont Chairman Lammot du Pont Copeland: "Our sales for 1964 will reach a record...
...Bullish Force. In his television address to the nation, President Johnson passed along a prediction by a little-known Wall Street economist, Pierre Renfret, that business spending would grow by 20% this year-though he neglected to mention that Renfret meant only spending by manufacturing companies, expects overall spending to rise just 12%. That is still a pretty tall order, but one that the economy may well be able to fill...
...pretending that he is at death's door, with a fortune in nuggets to bestow. His greedy victims vie desperately with one another to show their love for Lahr. One of the sourdoughs, after snapping up a comely virgin for $33,000 on the Yukon's bullish bride market, even offers Bert the jus primae noctis. As for the gift, red-haired Julienne Marie, her wistful eyes and liquid singing voice alone are worth twice the auction price. Larry Blyden also shines as Dr. Mosk, the stethoscope-packing con man who masterminds Lahr's hoax...
...guiding hand in this rush of activity belongs to Chairman Austin T. ("Joe") Cushman, 62, who seems too soft-spoken and shy to be chief executive of a bullish corporation like Sears. "I met him at dinner one night," says one Chicago businessman, "and it took me all evening to discover that he ran Sears." Inside the company, Cushman is not so reticent. Unlike retired Predecessor Charles H. Kellstadt, whose job he took over two years ago, Cushman delegates responsibility liberally and treats subordinates genially, but keeps a cold eye on profit and loss reports. "Men, merchandise, methods and money...
...Outpouring. U.S. businessmen have been bullish about the economy for many months, but President Johnson's plea for help, his take-charge demeanor and his conservative appearance seem to have released a whole new outpouring of great expectations for the economy. Said Fred Kappel after the Washington meeting: "We have undiminished confidence in the economic and moral strength of the country." In Manhattan the normally undemonstrative National Association of Manufac turers pledged Johnson its "loyal support and cooperation," then predicted that 1964 would be as good for business as 1963 has been. At a Florida meeting of the Investment...