Word: carroll
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...entertained the backroom boys with homemade limericks on Springfield politics, eventually became state insurance commissioner. The job was a stepping-stone to a second career: after Stevenson's presidential defeat in 1952, Day joined the Prudential Insurance Co., rose to one of the top spots (behind President Carrol Shanks), as chief of the firm's western division office in Los Angeles...
Gila monster. The family struggled to clean up their run-down property, meanwhile trying to avoid being cleaned out by a shrewd Indian called Hawkeye (inevitably J. Carrol Naish), who reads the Wall Street Journal...
...CARROL SHANKS, president of Prudential Insurance Co., has pulled out of deal with big Prudential borrower, Georgia-Pacific Corp., which could have given him capital gains, huge tax savings. Investigation by New Jersey Banking and Insurance Department found no law violation, but furor led Shanks to conclude that "it would be impossible to provide (policyholders) with anything like a reasonable perspective in this matter...
...Loan. The Timber Conservation Co. owned 13,000 acres in Oregon that Georgia-Pacific wanted. Carrol Shanks bought Timber Conservation on the spot for $8,592.000. financed by a one-day loan from the Bank of America. Minutes later, he liquidated the company, sold its 13,000 acres to the Coos Bay Timber Co., a wholly owned subsidiary of Georgia-Pacific for $4,400,000 (plus a small plot back to the Timber Conservation interests for $208,000). Next he put up $100,000 of his own money, borrowed another $3,900,000 from the Bank of America...
...company." The Journal also turned up the fact that Cheatham, in addition to all the other suits he wears, is co-owner of Oregon's Old Dominion Co., an investment firm that owns timber that Georgia-Pacific has contracted to cut under a deal like Shanks's. Carrol Shanks maintains that "there is not the slightest violation of ethics" about his deal. Nonetheless, the furor that greeted the publicity has already taught him that, for people who live in glass houses, discretion should be worth more than tax savings. Says Shanks: "I'll never have private dealings...