Word: dreyfuses
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...long before imposing controls. When he finally did put on controls, however, he won new sympathy from executives, including Democrats. "You have to give him credit for having the flexibility to change from a disastrous policy of tight money and laissez-faire," says Howard Stein, head of the Dreyfus Corp., who was chief fund raiser for the 1968 campaign of Democrat Eugene McCarthy...
...they demanded that the police release all leftists arrested in demonstrations since Overney's death, that Renault rehire 14 fired Maoists and that revolutionary unions be given a chance to contest the CGT's domination of the plant. They also threatened to bomb the apartment of Pierre Dreyfus, director general of Renault...
About half a dozen such "conscience funds" are either in operation or in registration with the Securities and Exchange Commission. Each is still small by industry standards (less than $2,500,000 in assets). Except for the forthcoming Dreyfus Third Century Fund, all are "no load" funds sold without a sales charge. The generalities end there, since what seems a socially desirable investment to one portfolio manager may be an abomination to another. Among the funds that allow an investor to put his money where his conscience...
...DREYFUS THIRD CENTURY FUND is the newest addition to the mutual fund empire of Howard Stein. Third Century's portfolio analysts will use a complex system of weighted criteria. Firms will be ranked according to the concern they exhibit for consumers, the environment, occupational safety and equal employment opportunity. The companies with the highest ratings will then be examined in light of normal investment standards...
...import surcharge longer than we should and touch off a trade war," says Robert Johnson, economist for Paine, Webber, Jackson & Curtis, a big brokerage house. "It could lead to a worldwide recession, and that worries me more than anything." Domestically, adds Richard Johnson, president of Dreyfus-Marine Midland Management Corp., the economy is going through "sort of a limbo period." Analysts are still waiting for the first conclusive signs of the "great year" that Nixon has promised for 1972, and for some concrete idea of the toughness or laxity of the controls that will follow the end of the freeze...