Word: californiaisms
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Dates: during 1960-1969
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Simpson has been the workhorse of Southern California, carrying the ball 334 times, a record, and gaining 1654 yards, another national record. U.S.C. is ranked number two in the nation with nine straight victories and will play in the Rose Bowl...
Long one of the outstanding members of California's 18-campus state-college system, San Francisco State has lately been foundering in disorder. Violence began last November when Black Students Union members wrecked the offices of the student paper and beat several staffers for printing what the blacks called racial slurs. Tension increased when demands for immediate reinstatement of five B.S.U. rioters were refused. Students held a sit-in at the administration building. In an embarrassing televised inquisition, the trustees interrogated the college's president, John Summerskill. Not long afterwards Summerskill resigned in disgust, forced out after just...
...business, no one rivals Charles A. Wellman of Los Angeles as a surgeon for sick companies. In the past three years, he has substantially cured five firms that were suffering from serious financial maladies. Last spring, Wellman succeeded the ousted Bart Lytton as president and chief executive officer of California's Lytton Financial Corp., a huge but ailing holding company with total assets of $682 million. Now Wellman is involved in conducting his most intricate operation yet, which, if successful, will transform three weak S&Ls into one thriving $1 billion enterprise...
When the securities actually change hands next month, Lytton S&L plans to merge with two smaller Southern California savings-and-loan associations, Equitable of Long Branch (assets: $318 million) and Mission of Santa Ana (assets: $39 million). The mammoth merger was approved by the Federal Home Loan Bank Board two weeks ago, but financial men are more fascinated by the audacity of the move than by its size. Says one competitor: "Wellman is converting three alley cats into a pedigreed lion...
Charlie Wellman, 53, entered the S&L field after graduating from the University of Southern California law school in 1940. He learned the business at Coast Federal Savings, an aggressive competitor for consumers' savings, and made his mark by helping Glendale Federal S&L grow from a $23 million midget to a $450 million leader in its industry. He quit as president of Glendale Federal in 1962 over policy disputes with the association's founder-chairman, but within hours was hired as president of Los Angeles' First Charter Financial Corp., now the nation's largest publicly...