Word: cashes
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Dates: during 1950-1959
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Faithful to this rigid ritual, few writers busy paying for their swimming pools and Thunderbirds with Private Eye cash could take the facetious oath of Britain's Detection Club-that their heroes "shall well and truly detect the crimes presented to them . . . not placing reliance on nor making use of Divine Revelation, Feminine Intuition, Mumbo-Jumbo, Jiggery-Pokery, Coincidence...
WHEN Barr took over, Ward's itself had an unpromising future. Fearing a crash, Avery had piled up a huge reserve of $327 million in cash and Government securities, but in every other way the company was sick. Says a Ward's executive: "Avery was actually liquidating the company, though he didn't realize it." Avery had hobbled the entire firm with his one man rule (he had to okay every expenditure over $100), and knocked employee morale to the bottom. Net sales dropped from $1.1 billion in 1950 to $999 million in 1954. Barr...
...Marshall Field with generous stock-option plans, and he gave employee morale a quick boost by putting in a new pension plan. He reorganized Ward's management structure, bolstered confidence by delegating authority, scrapped Sewell Avery's outlandish rules. He began to change Ward's cash hoard into merchandising strength in 1955, since then has redecorated nearly 376 of the company's 566 stores, air-conditioned 73 of them, opened more than 296 new catalogue stores in growing areas. To increase volume quickly, he bought control of four independent stores in the Chicago area, opened some...
...police, he always felt that he would spend only what he later could repay. "But I got in so deep I couldn't stop. I lost count of what I was spending." From Montreal he flew back to New York's Statler Hilton, used the card to cash checks, then went on to Las Vegas. There he shot dice at the same table with Frank Sinatra, who said: "Let the kid roll." He rolled and won $400, flew back to Manhattan and checked into the Henry Hudson Hotel in a $60-a-day room. He engaged...
...Mistake." Undisturbed by this, Miraglia went to Havana, checked into the Habana Hilton. On his story that he had "lost" his credit card, proved by showing a shoe store receipt with the credit-card number, he cashed $850 in checks to cover his hotel bills, and flew back to New York. While trying to cash a $120 check at the Plaza, he was recognized, arrested, booked for grand larceny...