Word: firmnesses
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Dates: during 1960-1969
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...Precisely because the Tate murders were so brutishly irrational, Hollywood was seized by fear. Celebrities, including Frank Sinatra and Alan Jay Lerner, hired guards for their families, and several guests at Sharon's funeral packed guns. At week's end, police were still without a firm lead. The most likely theory was that the slayings were related to narcotics. Meanwhile, the police released Garretson, their only suspect, for lack of evidence, and were guarding a Polish emigre who claimed to know the identity of the killer or killers...
...repair its image, the Dade County Port Authority recently hired former Interior Secretary Stewart L. Udall and his new environmental-consulting firm, Overview Group, to study the impact of an airport and seek alternatives. Udall says that he refused to take the job until the Port Authority promised to freeze jetport construction after the first runway, and showed itself sincerely open-minded on optional sites for a commercial terminal. "We are not going to justify a decision already made," said Udall. "We're hoping to establish planning parameters for the entire southern Florida environment." But Port Director Alan...
Today's young businessman is a member of the committed generation who insists on meaning and a sense of social responsibility in both his job and his life. Martin Gerstel, 27, a founder of Alza Corp., a California pharmaceutical research firm, argues: "It is not good enough any more just to be a manager, to do a good job making and selling candy bars. You have to feel that the product or service coming out of your organization is really important to society." Other young managers demand time off from their jobs to do consulting for black businessmen...
...major firms have run into severe difficulties. Heavy losses in both stocks and bonds last month forced Nuveen Corp. to arrange a major infusion of capital from Paul Revere Life Insurance Co. Nuveen had to resign its memberships in both the New York and American Stock Exchanges, which prohibit member firms from borrowing more than 25% of their capital from the outside. Though Nuveen plans to continue its brokerage activity through the Midwest Exchange, which has more lenient rules, the firm has laid off some 10% of its 450 employees. Meanwhile, McDonnell & Co., beset by financial and operating problems, recently...
...more than 11,000 personal and institutional investment accounts, each of which usually must have a minimum of $200,000. Portfolio managers service the proverbially helpless richman's widow as well as the young business-school graduate who uses his M.B.A. training to turn the modest old family firm into a gold mine. Real estate experts on the bank's 1,200-man staff will advise on matters like buying a villa on the Mediterranean. The bank also lends money for many investments. Altogether, the company charges the usual brokerage commission plus advisory fees, which...