Word: glore
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Dates: during 1960-1969
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...limited partnership in the Dreyfus Fund. David Kennedy (Treasury) has been earning more than $230,000 a year, plus stock options, as chairman of the Continental Illinois National Bank and Trust Co. Maurice Stans (Commerce) has been grossing about $250,000 as president of the investment-banking firm of Glore Forgan, William R. Staats, Inc., and as a member of other corporate boards. Nixon Law Partner John Mitchell (Attorney General) has been earning more than $200,000. Winton Blount (Postmaster General) is the nonsalaried president of the U.S. Chamber of Commerce, but his Alabama-based construction company has had contracts...
Rushing to Cut Back. The drought was particularly painful because in the last two years many firms had invested heavily in new electronic equipment and personnel to service a flood of bull-market orders. Now, in an effort to cut swollen overhead, some were driven to drastic economies. In Glore, Forgan & Co.'s Chicago branch, all employees last month took a salary cut of from 5% to 10%. In San Francisco, the monthly take-home pay of some customers' men had slipped to a bare $150. Even in Manhattan, where the big brokerage houses can count...
...Clint and John Murchison, and Perlman found himself working for new bosses who insisted that the solution to the problems of the Eastern railroads lay in merger. Reopening negotiations, the two lines called in a trio of prestigious investment banking houses-Morgan, Stanley & Co., the First Boston Corp. and Glore, Forgan & Co.-which spent two months digging into the intricate finances of both lines before approving as equitable the stock exchange ratios agreed upon last week...