Word: expression
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Dates: during 1980-1989
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...instead, did not Prof. Ho Tai express some indignation about the seriousness of the attempted violence (which could have brought death to several people) directed against a fellow panelist and scholar...
...East last month, Weill read in the South China Morning Post about the Prudential-Bache deal and decided that the time had come for another partner. Investment Banker Salim B. ("Sandy") Lewis, managing partner of S.B. Lewis & Co., last summer had suggested to Weill a merger with American Express, but the Shearson chairman doubted that he could persuade his board of directors to accept any such agreement. Then Prudential showed the way. After returning from Asia, Weill called Robinson and opened serious discussions. Over Easter weekend, the two men conducted a traveling talkathon that moved from Weill...
...American Express, the Shearson deal marked the end of a long, and sometimes embarrassing, search for a major acquisition. In 1972 American Express made a disastrous foray into the securities business by buying a 25% interest in Donaldson, Lufkin Jenrette, now Wall Street's 18th largest firm, for $29.3 million. Three years later, American Express gave up that investment for only $6.4 million. Then in 1979 American Express attempted an unfriendly takeover of McGraw-Hill, but the board of directors of the publishing firm unanimously rejected...
Once last week's merger receives the expected approval from Washington and goes into effect, American Express is likely to begin selling new money services quickly. Said Weill: "You can let your imagination run about what we're going to be doing." The amalgam's first offering is likely to be a cash management account based on Shearson's money-market funds and similar to one created by Merrill Lynch in 1977. Under that program, customers with at least $20,000 in securities or cash in an account can put that cash into money-market funds...
...Said he recently: "By the end of the decade, a typical consumer may have a stockbroker in California, a banker in New York, an insurance agent in Maryland and a real estate agent jetting back and forth from Chicago to Boston. All of that will be on his American Express card, of course...