Word: citibank
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...bankingest town in the U.S.," declares Herb Bowden, president of Sencore Inc., a manufacturer of electronic-testing equipment. The town's mayor is more precise. "Citibank," Mayor Rick Knobe says proudly, "moved us from a known regional entity to a newcomer on the national and international scale...
Indeed he has. Citibank, which has moved its credit-card operation to the city, broke ground in June for its third building in three years. With 1,200 employees in Sioux Falls, South Dakota's largest city, the bank is now the state's No. 3 employer. By 1985 Citibank expects to hire as many as 600 more people...
...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...
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...