Word: duponts
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...Ross Perot, the crew-cut Texas computer centimillionaire, was full of self-confidence in 1971 when he took control of Wall Street's ailing duPont Glore Forgan Inc., then the nation's third largest brokerage house. By pumping millions of his own into the firm and applying to its operations the data processing techniques that had made him rich, Perot vowed that "I am going to make it as solid as the Prudential...
Last year he took another step toward shoring up the still unprofitable duPont Glore Forgan by partially consolidating it with another big but money-losing Wall Street firm, Walston & Co. Then duPont Glore Forgan took over both firms' back-office operations, stock clearing, data processing and customer accounts, while Walston (formally renamed duPont Walston Inc.) ran the 143-office domestic sales arm. Both firms are now controlled by holding companies in which Perot is the dominant force...
...television networks have been roundly criticized in recent years for cutting back on news documentaries, and the lackluster performance of local stations has drawn equal pummeling. But this year's Alfred I. duPont Awards in Broadcast Journalism (administered by Columbia University's Graduate School of Journalism) suggest that TV's flight from aggressive stories has gone into reverse, most noticeably at the local level. The jurors found so much to praise that they bestowed eleven citations in addition to nine regular awards. Of the total, 13 went to single TV or radio stations. In a report released...
...Chase job made 1973 a banner year for Wall Street's outlaw satellite, the market in hot stocks, bonds and other securities. The total take is enormous. W. Henry DuPont, chairman of a firm that keeps track of missing securities, estimates that $50 billion in illegitimate paper is afloat, most of it blue-chip stocks and some of it federal, state, municipal and corporate bonds. Insurance companies are the ultimate victims. They must make good to any insured bank or brokerage house that takes a loss by theft or by buying hot securities in good faith. Most banks...
...team nabbed the MIT crown easily last fall and should encounter only minimal resistance from its five tourney opponents in the MIT DuPont Center waters...