Word: far-flung
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...deal that will broaden its sphere of influence tremendously. Through Chase Securities Corp. the bank has long been in the wholesale bond business, has recently started to build up an international distribution system. Last week, Chase Securities Corp. announced it will acquire ownership of Harris, Forbes & Co., potent and far-flung bond house. To Chase this means access to one of the largest bond distribution systems in the country. To Harris, Forbes it brings unlimited resources to handle the increasingly large deals of the multi-million...
There was many a doubt expressed last year concerning the competency of Owen Crosby Philipps, Lord Kylsant, sometimes called "Lord of the Seven Seas," chairman of the huge far-flung Royal Mail Steam Packet Co. which includes among its many steamship lines the White Star. Last year Lord Kylsant was publicly accused of mismanagement by his brother Viscount St. Davids. Royal Mail stock sank swiftly and dangerously, Royal Mail passed its dividend (TIME, Dec. 23). Lord Kylsant, it appeared, had purchased investments in "other than shipping companies." Good-will was not augmented by the knowledge that Lord Kylsant draws...
Before accepting the position, Pennsylvania's 16th chief executive stipulated: 1) that he would serve without pay, 2) that he be allowed time to attend to his far-flung business interests, 3) that he must not be expected to become "involved in any routine work that would preclude my absence from the university for travel," 4) that he "would not feel justified in accepting any such executive position" unless he could count upon the assistance of Trustee Charles Day, Philadelphia engineer. All these provisos were accepted and Pennsylvanians felt they would get a sound business administration...
...said he would do, Amadeo Peter Giannini, potent branch banker, founder of Transamerica Corp. (world's biggest bankstock holding company), upon arriving last week at the age of 60, resigned from all his far-flung enterprises. Testifying before the House Banking & Currency Committee, said he: "Branch banking is coming and you can't stop it. You can't block economic progress. You're against a stone wall. Small communities are drying up. They don't need small unit banks. Farmers drive over paved roads to the larger cities to do their banking...
With Col. Charles Augustus Lindbergh (technical adviser) to fly the first ship, Pan American Airways, Inc., is serenely certain of far-flung publicity upon the opening of any new route. As thrice before, Pan American received it in full measure last week when Lindbergh piloted a Sikorsky amphibian from Miami 1,200 mi. over water to Cristobal, C. Z., inaugurating a new seven-day mail service from New York to Buenos Aires. The Caribbean hop cuts four days from the route previously used via Belize, Tela, Managua, David and Panama City. The new schedule calls for at least...