Word: gleason
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...show marking his 25th year on TV. Waving an arm at the thousands of New Yorkers who came to watch the free entertainment, he cracked: "This is the first audience that I've ever played to on grass-that I knew about." In one sketch, Hope and Jackie Gleason dressed up as two Central Park vice-squad members in bosomy drag. Carol Channing, one of the guest stars, asked Hope what would become of his talent if he decided to retire. Said Hope: "I won't let it all go to waste. I'll give acting lessons...
Within hours after making the figures public, Harold V. Gleason resigned as chairman and president, completing an almost total wipe-out of Franklin's top management. He took the new post of executive vice chairman, and was succeeded as chief executive by Joseph W. Barr, a former Democratic Congressman from Indiana arid Secretary of the Treasury during the last few weeks of Lyndon Johnson's Administration. Frightened depositors continued to withdraw their savings. The bank lost more than $100 million in deposits last week, bringing withdrawals to $930 million, or almost a third of the $3 billion deposits...
...bank's poor performance at first was blamed largely on losses in bond trading-not unusual at a time of slumping bond prices. But then Chairman Harold V. Gleason disclosed that Franklin also had lost $14 million in foreign-currency trading since March 31-later it was revealed that other losses were incurred before that date-and that the total loss could climb to $39 million by the time all trading contracts are fulfilled. He blamed the losses on unauthorized trades made by an unnamed employee who, he said, had been fired...
...management upheaval promptly followed Gleason's disclosures. President Paul Luftig, who came to Franklin two years ago from Bankers Trust, was let go (Gleason took over...
...exactly Paul Newman against Jackie "Minnesotta Fats" Gleason, but it was almost as dramatic last weekend as Todd Swirles, a sophomore, won the Harvard University Open Pool Tournament. Tucker Boynton finished second in the tourney, followed by Mike Gering and Alan Kaufman. The excitement took place in the Freshman Union...