Word: citibank
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Dates: during 1980-1989
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...Rockefeller Foundation formed a commission to study U.S, policy towards the country. Comprised of industrialists, academies and a labor unionist, the commission was chaired by Ford Foundation president Franklin Thomas its principle advisors included G.A. Coastanzo vice chairman of the board of Citibank: William Sneath, chairman of the board of Union Carbide Corporation: former secretaries of State Henry Kissinger and Cyrus Vancez and Donald McHenry, former United States Ambassador in the United Nations...
Radcliffe first confronted the question of how to resolve the ethical issues surrounding its investment policy in 1978, when Harvard began discussing what to do with its stock holdings in Citibank, which was making direct loans to the South African government. After Harvard decided to divest from Citibank, Radcliffe officials began to look more closely at their own portfolio, according to Elizabeth Heffernan '54, chairman of Radcliffe's Advisory Committee on Investor Responsibility (ACIR...
...Rockefeller Foundation formed a commission to study U.S. policy towards the country. Comprised of industrialists, academics and a labor unionist, the commission was chaired by Ford Foundation president Franklin Thomas. Its principal advisors included G.A. Costanzo, vice chairman of the board of Citibank: William Sneath, chairman of the board of Union Carbide Corporation: former Secretaries of State Henry Kissinger and Cyrus Vance; and Donald McHenry, former United States Ambassador to the United Nations...
...banking laws. In 1980 the state became one of the first to abolish the usury limit on interest rates that banks may charge. In addition, Janklow, who then had been Governor barely a year, rammed a second bill through the legislature that included a specific invitation to an eager Citibank to relocate its credit-card computers. Financial institutions in Michigan and neighboring Nebraska have asked if they can transfer their credit-card operations too. Last spring Janklow persuaded the legislature to agree in effect that all is laissez-faire in economic war: South Dakota was the first state to make...
Last week, just before the bull market's first birthday, Citibank threatened to spoil the party. It raised its prime rate from 10½% to 11%. Other banks followed, and stock prices sank as they almost always do when higher interest rates loom. By week's end they had begun a modest rebound, but investors remained nervous. Even so, nothing could change the fact that it had been quite a ride-and, despite the inevitable "corrections," it might have a lot more mileage...