Word: eastmans
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Dates: during 1970-1979
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...advent had been ominously labeled "Mayday" (TIME, April 28). Yet Mayday came and went with few surprises. Some firms raised commissions to small investors. Merrill Lynch, Pierce, Fenner & Smith, the industry's leader, increased rates an average of 3% on orders of up to $5,000. But Blyth Eastman Dillon held commissions at present levels for small investors, trimmed them by 8% or more on larger deals for institutional clients. Bargain brokers popped up; one advertised commission cuts of 75% on "all but the smallest trades...
Chausson: Symphony in B-Flat; Chabrier: Suite Pastorale (Detroit Symphony Orchestra, Paul Paray conducting; Mercury, $6.98). Bloch: Concert! Gross! Nos. 1 and 2 (Eastman-Rochester Symphony, Howard Hanson conducting; Mercury, $6.98). In the 1950s and '60s, Mercury made an impressive series of U.S. recordings ranging from the nonpareil French interpretations of Paray to the indispensable catalogue of contemporary Americans by Hanson. Many long unavailable, they are now back as part of a novel reissue program. Mercury sent the tapes to The Netherlands, where its sister company Philips provided its usual superior pressings, then shipped them back to be marketed...
Despite the hardships, each year some 600 executives sign up for O.B.'s raft trips and another 60 for the more grueling ten-day hikes. In many cases the tab, ranging from $200 to $400 per person, is picked up by the company. Eastman Kodak, IBM, Gates Rubber, Adolph Coors Co., a beer producer, and Martin-Marietta regularly pay the way for their management personnel. William Coors, president of Adolph Coors, has himself scaled canyons and run rapids on ten O.B. trips. Robert H. Allen, president of Gulf Resources & Chemical Corp., has braved...
...biggest stockholdings are in what once were strictly family businesses: Exxon ($28 million-417,015 shares) and Rockefeller Center ($25.5 million-325,000 shares). Next come IBM ($19.9 million-103,635 shares) and Eastman Kodak ($11.9 million -148,524 shares). Others: Standard Oil of California ($11 million-449,558 shares), General Electric ($2.8 million -72,648 shares) and Dow Chemical ($1.5 million-26,031 shares...
When Blyth & Co. Inc., the brokerage firm for which he worked as a $25,000-a-year portfolio manager and drug-industry analyst, was merged in 1972 with Eastman Dillon Union Securities Inc., Hannafin lost his job. Like thousands of other Wall Street refugees, he is seeking work and failing to find it as more securities firms cut their staffs, merge or fold...