Word: citibankers
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Dates: during 1970-1979
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...used? Few of the bankers were optimistic. Franz Ulrich, chairman of the Deutsche Bank A.G. of Düsseldorf, pointed to a 16% rise in world commodity prices from last year's lows as a portent of things to come. Irving Friedman, Senior Vice President of Citibank, argued that modern inflation has been high and persistent because of fundamental changes in societies around the world, which have increased the demand for goods and services far beyond the ability of the world economy to supply. Governments, Friedman said, have tried to accommodate that demand and in the process have generated...
...first time are playing a role. Until recently, many black entrepreneurs who could raise money had little experience and were forced to start their businesses from scratch in ghetto areas. As a result, the mortality rate of black-owned businesses has been high. Now, led by Manhattan's Citibank, moneymen are seeking out black entrepreneurs who have good management records and offering to finance their acquisition of successful, largely white-owned enterprises. Citibank recently helped blacks to take over a profitable Chicago margarine company...
...still a sufficient amount of modern office space. True, prices are high; the rent for much desired villas with swimming pools in suburban Kifissia has doubled recently, to about $1,000 a month. Even so, points out one recent corporate settler, Edwin P. Hoffman, senior vice president of Citibank, "Athens has the schools and housing that we require. It's a pleasant city...
Taking the facetious advice of a family doctor, he went into banking in 1946, landing a $2,800-a-year job as a junior inspector at Citibank's old Wall Street headquarters...
...years later, says Wriston, "my dart hit the board." George Moore, Citibank's great postwar expansionist, picked the young Wriston to direct the important European operation. Wriston was so successful that within three years he was heading the bank's entire foreign operations. From then on, there was little doubt that the brash young Wriston would some day boss the bank...