Word: checkbook
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...keep his fingers on every last key. A trained accountant, he thinks in figures-sales, profits, production, inventories. He requires subordinates round the world to send him reams of detailed reports, which he stuffs into several briefcases for perusal while being chauffeured to and from ITT's checkbook-modern Manhattan headquarters. His long working days are spent in meetings with ITT people, and his social engagements are related to business. Though he is perhaps the highest-paid executive in the U.S. (1970 salary: $766,755) he cares little for good food or wine, custom tailoring or other perquisites...
Dressing women has long been the bag of Couturier Yves St. Laurent. Nobody knows better than he the way to a lady's checkbook. The way to a man's, though, seems to have been too much of a problem for the flame-haired designer. To plug his new line of male fragrances, St. Laurent simply took all his clothes off and collapsed in a full-page advertising spread in the French edition of Vogue. The Paris Couturiers' Association unofficially declared itself "astonished." Vogue admitted it was "a little surprised." Said Yves, "I wanted shock...
That sound you hear is of checkbooks closing all over Hollywood. The books belong to the smart money; the reason for their action is The Last Movie* by Dennis Hopper-the same Dennis Hopper who recently opened the checkbook:, with Easy Rider. The faults of that film are legendary-the paranoid swagger, the inept drug trips, the comicbook heroism. But the film also shared with other examples of naive art an undisciplined energy and a curious magnetism. Its minuscule production cost (under $500,000) and giant grosses (over $50 million) made it the Volkswagen of the American film...
...table is not an isolated case. In its upper reaches, the art market has been afflicted with a kind of collective hysteria, a St. Vitus's dance of zeros across the checkbook: $5,544,000 for a Velasquez; a Titian, The Death of Actaeon, sold to Paul Getty for a little over $4,000,000; last week a Renoir, purchased for $16.80 a century ago, fetched $1,159,200 at a London auction. The list could be prolonged almost indefinitely, and will be: before the '70s are out, the first $10 million painting will probably have gone under...
...share. Last week the price of those shares rallied from $2.22 to $2.82 in London. I.C.C. stands to snare a profit of $7,500,000 for every $1 that I.O.S. stock rises above $2. Vesco in addition will have what he calls "veto power over I.O.S.'s checkbook"-two nominees on a five-man finance committee and the right to appoint a third who is also agreeable to I.O.S...