Word: butchers
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...from last year, to about $35 million. More surprisingly, President Herbert P. Patterson, 47, had resigned after scarcely three years in the $172,500-a-year job that he had reached after a 23-year career with Chase, his only employer. He was replaced by tough-minded Willard C. Butcher, 46, previously the vice chairman in charge of planning...
...Butcher's promotion is an effort to bring fresh drive and decisiveness to Chase, which in recent years has been elbowed out of first place in deposits and earnings in New York City by First National City Bank. While Chase has emphasized services to corporations and other banks, "Citibank" has focused on the faster-growing international and retail business. To attract deposit and loan business from individuals and medium-sized companies, Citibank has generally done a better job than Chase in mortgage banking and other areas, like helping clients to arrange leases on almost anything from the biggest jetliner...
...Butcher, who joined the bank in 1947 after graduating magna cum laude from Brown, has much experience in areas where Chase could be stronger. He worked in retail banking as a branch manager and proved himself adept at foreign finance as chief of Chase's international division. Describing Butcher, Rockefeller used the words aggressive, decisive, dynamic, driving. The chairman himself likes to chart broad policy and leave day-to-day operations to other executives. Rockefeller, the bank's largest single shareholder, owns about 1% of Chase's stock, worth some $17 million; last year he collected more...
PEOPLE beefing about the oppressive price of food may find it hard to believe, but the supermarket business has traditionally operated with profits as thin as a sales slip and competition as keen as a butcher's blade. Prices are going up not because supermarkets are squeezing out more money, but primarily because they have had to pay more to wholesalers, who in turn have had to pay more to farmers. The July wholesale price index rose at an annual rate of 8.4%, from 6% the month before, mainly because of food costs. Retail food prices will continue...
...steady reader grows affectionately aware of Van der Valk's changing circumstances. His two sons grow up. He slowly mounts the bureaucratic ladder from simple detective to special commissaris. His wife, Arlette, keeps feuding over sweetbreads with her swinish butcher. In King of the Rainy Country, Van der Valk is shot and nearly killed by a hysterical woman. He is seduced just once, in Ireland, but is miserable until he confesses it to Arlette...