Word: funston
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Dates: during 1950-1959
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...York Stock Exchange President Keith Funston made another objection: adoption of the annuities might make insurance "a vehicle for avoiding taxes on common stock investments." Funston explained that while individual investors pay capital gains taxes plus 16% to 87% tax on dividend income, insurance companies are exempt from capital gains and pay only an estimated 7.8% on net investment income. This might turn variable annuities into a tax dodge, he said, and "might even spark congressional action to reduce or remove the advantageous tax treatment of all life insurance companies...
...trip to Montreal, buy his father some high-fidelity phonograph equipment, give his mother a tape recorder, improve his knowledge of finance, buy himself a subscription to the Wall Street Journal. But the newspaper phoned right after the show to tell him that the subscription was free. Keith Funston, president of the New York Stock Exchange, was on hand to give Lenny another present in gratitude for the publicity: $2,500 worth of any listed stock he wants, plus $40 a month for five years to put into a monthly investment plan...
...Stock Exchange specialists, was nominated to be chairman of the New York Stock Exchange. Almost certain to be elected next month, he will succeed Harold W. Scott, who is resigning because the job (principal duty: liaison between the Board of Governors and the permanent staff under President Keith Funston) takes too much time from his business activities. Kellogg went to Williams College for two years, quit at the age of 19 to start in Wall Street as a runner. He moved onto the stock exchange's trading floor as a telephone clerk and, in 1936, borrowed $125,000 from...
...KEITH FUNSTON President
proved itself well able to withstand the shocks of the cold war and the Korean war, just as the economy has continued to grow through all the troubles. Stock Exchange President Funston thinks that the more small investors who buy sto'ck not for speculation, but for the long pull, the stronger the market will beand the better it will reflect the state of the nation Says he: "Never has a business had a better opportunity to do something good for the country and at the same time for itself. It's a natural...