Word: gerstley
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Dates: during 1960-1969
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...brokers' "back offices," where batteries of clerks clear transactions and update customer accounts. When the surge in trading volume turned into a tidal wave, a number of understaffed brokerages were soon trying to explain delays and trying to do something about botched paperwork. At Philadelphia's small Gerstley, Sunstein & Co., Partner Thomas McCann is finding that staffers who have been putting in 15-hour stints "can't do this day after day without a degree of fatigue and a rising incidence of errors." At Manhattan's big Bache & Co., Vice President William Carey says that...