Word: geyer
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...Emerson Foote, 50, who resigned nine months ago as executive vice president of McCann-Erickson Inc., the world's second-largest ad agency (first: J. Walter Thompson), returned to advertising as chairman of Manhattan's Geyer Advertising, Inc. Longtime (26 years) topflight Adman Foote, who left McCann-Erickson (TIME, Feb. 18) "to return to the personal practice of advertising," made a "substantial" investment in Geyer, which ranks 38th in ad billing with bookings of $20.5 million. Self-described as "an overgrown account executive and a frustrated copywriter," Foote will get a chance to work both ends...
...Going short" is an ancient and accepted practice in securities markets. It is also such a hazardous endeavor that few market players save virtuosos are advised to try it, and sometimes they are sorry. Last week one such rueful expert was Wall Street's George Geyer, one of the nation's biggest dealers in insurance stocks, who closed the doors of his brokerage house "indefinitely" while he counted up the cost of going short...
...Geyer became bearish in insurance stocks in a big way this year and accordingly went short (i.e., sold to his customers, at current prices, stocks which he did not own but hoped to acquire later on at lower prices). But the stocks did not drop, as Geyer had expected; instead they went bounding up (about 20% this year), as banks and pension funds sopped up the supply. When Geyer tried to cover his position, he found that he could not get the $3 million worth of securities that he owed his customers. Did this mean Geyer was doomed...
Last night, however, Balzotti was still missing. Neither his committee nor Alan J. Geyer, president of the Yearbook, had been able to find him. Geyer, accused of collaborating with Balzotti's supporters in attempting to hoax the freshman class in its smoker elections, admitted that he had no idea "where the crazy...
Yearbook President Alan J. Geyer '54, looking independently for Balzotti, said he hadn't seen him in the last few days. Geyer passed over Balzotti's and his resemblance, saying...