Word: firm
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Dates: during 1960-1969
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...limited partnership in the Dreyfus Fund. David Kennedy (Treasury) has been earning more than $230,000 a year, plus stock options, as chairman of the Continental Illinois National Bank and Trust Co. Maurice Stans (Commerce) has been grossing about $250,000 as president of the investment-banking firm of Glore Forgan, William R. Staats, Inc., and as a member of other corporate boards. Nixon Law Partner John Mitchell (Attorney General) has been earning more than $200,000. Winton Blount (Postmaster General) is the nonsalaried president of the U.S. Chamber of Commerce, but his Alabama-based construction company has had contracts...
Some new entrants in the field have novel ideas for handling riots. Fort Worth's Western Co. of North America, an oilfield-service firm, has developed a slippery powder called Instant Banana Peel, which is guaranteed to turn any street rumble into a sit-in. Baltimore-based AAI Corp.. a defense contractor, has come up with a tear-gas grenade with two crowd-control virtues: it has no shrapnel hazard, and it expels its chemicals in seconds-before it can be picked up and pitched back at the police. A company official says that its grenade sales doubled...
...long been quietly investigating Omega. It is a reincarnation of a New York-based company that all but dropped out of sight years ago, when it operated in real estate under the name of J. M. Tenney Corp. After the firm reappeared in 1967 with its new name, stories about Omega as an "entertainment-field" conglomerate began turning up in the financial pages. According to one tale, it was about to take over 20th Century-Fox. Word of the SEC's investigation of Omega got out to a few well-informed investors, who quickly turned in their Mates Fund...
...busily recruiting key members of the outgoing Johnson Administration. Because they pay some of the highest salaries of all, with $100,000-plus fairly common, Wall Street's investment banking houses are in a very strong position to pick off Washington's brightest talent. Last week one firm signed up three high-ranking Government officials as general partners. Manhattan's Lazard Freres & Co. recruited Commerce Secretary C. R. Smith, Under Secretary of the Treasury Frederick L. Deming and Assistant Budget Bureau Director Peter A. Lewis...
...onetime Paris stockbroker who became one of Lazard's most influential partners, Meyer fled to New York when Hitler invaded France in 1940. In the years since, he has helped negotiate some of Wall Street's biggest deals, including the 1966 McDonnell-Douglas merger, for which his firm's fee was $1,000,000. Besides serving as investment banker to such companies as ITT and Owens-Illinois, he is a director of RCA and Allied Chemical in the U.S., Fiat and Montecatini Edison in Europe...