Word: citibankers
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...contract was awarded in 1979 to Siegel & Gale, a New York City consultant organization that has rewritten and redesigned hundreds of legal forms and loan applications for such companies as Citibank, 3M and Pitney Bowes. Working with firms specializing in accounting, behavioral research and readability, Siegel & Gale came up with forms designed for the convenience of the taxpayer rather than the tax collector. The typeface is Franklin Gothic for the main heads, the same headline type used in this magazine. The text type is Century Schoolbook, a highly legible face that was developed more than 60 years ago. The designers...
...prospects that interest rates will soon come down, and stay down, are dubious at best. Some financial experts do look for further declines. Leif Olsen, head of the economic policy committee of Citibank, believes that the recession will soon dry up corporate demand for credit, relieving the borrowing pressure. Secretary of the Treasury Donald Regan argues that the second stage of the Reagan tax cuts, a 10% slash in income tax rates taking effect July 1, will prompt much more savings by individuals, thereby increasing the supply of lendable funds and relieving pressure on interest in yet another...
...Citibank was annoyed and the University was embarrassed that we didn't even look at the nature of the loan," said George Putnam '49, treasurer of the College...
Calkins and other University officials have said that the request to end the blanket policy on loans stems from criticism over Harvard's disclosure last February of the sale of $51 million of loans and certificates in Citibank, whose parent company had made loans to South Africa for apparently humanitarian purposes...
...impact of the Citibank divestiture was evident in the fact that other institutions followed Harvard's lead and divested 57 million from the bank in 1981 as a protest against the consortium loan. The divestiture program has been effective in spotlighting the singularly oppressive nature of the South African regime and the key role played by American business in making apartheid economically viable. A decision by Harvard to weaken its ethical investment policy would be a signal t the South African government, and to transnational banks, that gilding a simple business loan to the South African government with humanitarian verbiage...