Word: clout
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...among the biggest customers of both the stock exchanges and brokerage houses. One reason for the success of mutual funds is that brokers and bankers also sell fund shares. Dreyfus markets its shares entirely through brokers?and pays them a handsome 81% commission. That gives Howard Stein considerable clout when he says: "The big issue is whether the financial community in general, and the stock exchanges in particular, are going to remain clubs. We have to open them up, encourage new blood and turn them into institutions that respond to public needs...
...other Michigan cities. The SEC acknowledged the "meritorious" nature of the program, but contended that it was the sort of outside activity forbidden by the Public Utility Holding Company Act. The Detroit News acidly pointed out that the act was supposed to prevent utility holding companies from using their clout to compete unfairly in nonutility businesses, and that Michigan Consolidated had little if any competition in building low-cost housing...
...rotate among the five Government members: Treasury Secretary David Kennedy, Commerce Secretary Maurice Stans, Labor Secretary James Hodgson, Chief Presidential Economist Paul McCracken and George Shultz, the White House's management and budget chief. With a line-up like that, the commission could be able to exercise considerable clout...
...subject only to minimum supervision to guard against blatant discrimination. The present structure of rate regulation is a hangover from the 19th century, when railroads were big, rich monopolists. Today, intense competition from trucks, airlines, barges, pipelines-and the pressure of large shippers who often have much more financial clout than the railroads -can be trusted to "regulate" rates...
What v. How. Thus it is doubtful that Mayo could have mustered the weight to hold his own against men like Ehrlichman and H.R. Haldeman, two of the aides closest to Nixon. Shultz is expected to have that clout. Moreover, Shultz's new deputy, Weinberger, though on the FTC for only six months, has fast established a reputation as a tough, reform-minded administrator. Like Shultz, Weinberger owes his selection to merit and performance rather than long personal service to the President. He too may bring a new viewpoint to White House deliberations...