Word: client
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Dates: during 1940-1949
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...began to pry into the man who made Warren G. Harding Pres ident : Attorney General Harry Daugherty. Daugherty's FBI agents toothcombed Montana for Wheeler dirt; finding none, they made some, concocted a charge that Wheeler had used his Senatorial influence to obtain illegal oil leases for a client. After waiting a year for the case to come to trial, Wheeler was acquitted in ten minutes. As the verdict came in, a tele gram arrived from Washington telling of the birth of a daughter. Wheeler named her Marion Montana, the Marion after "Fighting Bob" (Robert Marion) La Follette...
Listeners to CBS's Columbia Workshop program heard all this about Curley last month in a bit of fast-moving whimsey, full of good sound effects, called My Client Curley. Variety actually headlined: 'CURLEY THE CATERPILLAR' CLICKO. Norman Corwin, crack Workshop author-director, had adapted the play from a short story by a onetime CBS publicity writer, Lucille Fletcher, 28, Vassar graduate, Phi Beta Kappa and Daisy Chain girl. So pronounced was audience reaction that Curley was put on the air again last week. Cinema studios and children's book publishers are now angling for Curley...
Until last week old-style investment bankers led by Manhattan's Morgan Stanley & Co. relied on argument and an attitude of dignified disdain to discourage competitive bidding for corporate securities. Their argument: competitive bidding disrupts the banker-client relationship ("You might as well get bids on an appendectomy...
...chief brands he represented were Pommery & Greno Champagne, Meukow Cognac, Johnnie Walker Whiskey and Grande Chartreuse Liqueur; note also that he refers to the firm of "Schoeneberg & Ribbentrop." Von Ribbentrop, the future Nazi, winds up his letter by asking to be remembered to the wife of his Jewish client and with "best regards...
Competitive bidding minimizes the banker's sense of responsibility and destroys his professional relationship with his client; it tends to cause overpricing of securities and high-pressure salesmanship of "shoddy goods" to unwary buyers; competing brokers, unsure who will get the order, tend to make superficial studies of securities' quality; competitive bidding, in the long run, would eliminate the small dealer, now supported by sharing on flotations...