Word: firm
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Dates: during 1960-1969
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Believer in Personalismo. A firm believer in personalismo, Balaguer runs a tight, one-man government, dispensing all patronage, settling all arguments and making all decisions, even down to personally granting and signing every visa. When he needed money for a pet hydroelectric project in the north, Balaguer not only arranged personally for $30 million in U.S. aid, but organized telethons in Santo Domingo and Santiago that raised another $385,000 from Dominicans themselves. A onetime functionary of Dictator Rafael Trujillo, Balaguer stops short of being a dictator himself. He not only lacks a dictator's broad powers but believes...
Protective Patents. Few histories of business growth are as dramatic as that of Xerox. Founded in 1906 as the Haloid Co., a maker of photographic papers, the firm prospered quietly until the early '40s, when noisy court battles erupted among its twelve founding partners-including Wilson's father, who eventually won control. When his turn to take over the family fiefdom came in 1946, Joe Wilson, then 36, found it faltering. Searching for profitable new business, he seized on a little-known copying process called "xerography," and in eight years raised some $87.6 million in loans and stock...
...June, the 125 participating brokerage firms will be called on to deposit with the C.C.S. their Street-name certificates in all Big Board stocks beginning with the letters A through C. Shares in the rest of the stocks will be deposited in alphabetical order by the end of the year. Utilizing three IBM 360 computers and employing 500 office workers, the C.C.S. will handle transactions in much the same way that banks clear checks. When stock is traded, its computers will debit the account of the firm doing the selling, credit the account of the buyer. Transfers will thus...
...business last year, should easily reach a billion dollars this year. This would be only appropriate for what may be Simon's last great corporate stroke. Simon, who will give up his post as chairman of Hunt's finance committee, will be only one among the new firm's directors, says that he has "looked forward for several years to devoting more time to personal and public affairs...
...INVESTMENTS: Julia Montgomery Walsh, 45, of Washington, D.C., spends part of her day as a senior partner at the investment firm of Ferris & Co., spends the rest in "yours, mine and ours" domesticity with four sons from her first marriage, seven more children who arrived with her second husband, Real Estate Broker Thomas B. Walsh, and a three-year-old son since born to them. Her salary is $200,000 a year...