Word: funston
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Dates: during 1960-1969
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...controversy is building up between Wall Street and the Securities and Exchange Commission-and the man in the middle is Lyndon Johnson. Pleased by the market's 100-point rise since he took office, Johnson last week courteously received New York Stock Exchange President Keith Funston at the White House. But while the President tries to keep Wall Street friendly to his Administration, the SEC is relentlessly moving in on what it considers the Street's abuses. The most obvious sign of the dispute at the moment is the SEC's attempt to curb a clubby coterie...
...Target. The struggle has been going on since a special SEC study group reported last summer that many investors were underprotected and overcharged by the Exchange and by brokers (TIME, July 26). Some of the SEC's proposed reforms were adopted by market leaders; last week, for example, Funston's Big Board tightened its standards for corporate listings, and recently it toughened rules covering market letters and brokerage research departments. But that is not nearly enough for the SEC. Among other things, it wants to: 1) reduce the commissions that investors pay for trading in "odd lots"-fewer...
...included National G.O.P. Chairman William Miller, former Chairmen Hall and Alcorn, Massachusetts National Committeeman Richard Treadway, Maine's National Committeeman Bradford Hutchins, Maryland's National Committeeman Edward Miller, former Defense Secretary Neil McElroy, Eisenhower's Press Secretary James Hagerty, New York Stock Exchange President Keith Funston and former Disarmament Negotiator Arthur Dean. Guests insisted politics were not discussed. But said one: "We're not young any more. We know why we were there." A "native son" movement was started for Scranton in Connecticut (he was born in Madison), a "Scranton Friends" movement was being organized...
...reception from businessmen that is cordial beyond anything lately experienced by a Democratic President. In homey speeches to them at White House meetings and in personal phone calls to such executives as A. T. & T. Chairman Frederick R. Kappel and New York Stock Exchange President Keith Funston, Johnson has appeared a friendly, conservative Chief Executive who understands business. It is not unusual to hear from businessmen comments such as those of Borg-Warner Vice President Judson Sayre: "You get sold on Johnson. If he conducts himself with not too many blunders between now and November, I'd vote...
...General Clay is now with Lehman Brothers," said Avco Board Chairman Kendrick R. Wilson Jr. "He's an army officer who made good," added Funston. Khrushchev raised a pious eyebrow: "You have 190 million people. Why don't they all make good? Certainly they have not trespassed against...