Word: carre
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...Executive Life, attorneys for his department were securing an order in superior court enabling him to place the insurer in a state-controlled conservatorship. Across town, at the modern glass-and-steel headquarters tower of the insurer's parent company, First Executive, Garamendi's agents informed chief executive Fred Carr that he no longer headed the Executive Life subsidiary. Addressing himself "to the schoolteachers and hardhats, secretaries and doctors" who are the insurer's customers, Garamendi pledged, "We are going to do everything in our power to see that your money is there when you need...
...Carr, 60, is a Los Angeles native who pumped gas part time until he was 32, and he has tried hard to make up for lost time. As an insurance entrepreneur he disdained the slow, steady process of writing policies and building reserves through careful investments to cover eventual payouts. Instead he built the company with sizzle and flash, turning in the 1980s to the high- yield junk bonds sold by Drexel Burnham's Michael Milken. Of Executive Life's $10.1 billion in assets, $6.4 billion is junk. Says Henri Bersoux, a spokesman for the American Council of Life Insurance...
COPY DESK: Judith Anne Paul, Shirley Barden Zimmerman (Deputies); Barbara Dudley Davis, Evelyn Hannon, Jill Ward (Copy Coordinators); Minda Bikman, Doug Bradley, Robert Braine, Bruce Christopher Carr, Barbara Collier, Julia Van Buren Dickey, Dora Fairchild, Judith Kales, Sharon Kapnick, Claire Knopf, Gyavira Lasana, Melinda J. McAdams, M.M. Merwin, Anna F. Monardo, Maria A. Paul, Elyse Segelken, Terry Stoller, Amelia Weiss (Copy Editors...
Pitching is always a key to winning in softball, and the Crimson are blessed with two fine hurlers this season. Sophomore Christine Carr and junior Julie Fromholz platoon on the mound for Harvard and are both finding success thus...
...Carr is coming off her first no-hitter in a Harvard uniform, a 17-0 defeat of Dartmouth Saturday, and her earned-run-average is a paltry 1.77 per game...