Word: glore
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...That left little danger; so Perot, who might be described as a mixture of Billy Graham and Don Quixote, has sallied forth to rescue Wall Street from the dragons plaguing it. In 1970 he heeded pleas from John Connally and John Mitchell and pumped capital into duPont Glore Forgan, the country's third largest brokerage house, to save it from going under. Since then, he has infused almost $80 million and his evangelizing zeal into duPont, in which he owns almost 100% of the stock, and another big brokerage house, Walston & Co., in which he will soon control...
Merrill Lynch's new prominence in investment banking lends substantial clout to a firm that already had resources far beyond those of its closest competitors, Bache & Co. and Du Pont, Glore Forgan & Co. In 1970, for example, when many brokerage houses were barely treading water, Merrill Lynch posted earnings of $40.7 million; what it lost on its sluggish stock business it more than made up in other operations like the trading of commodities and Government bonds. When the final figures are in, its performance for last year will be even more spectacular. In the first nine months, its earnings...
...says. "It just made me work harder." Similarly, Victoria Lynn Sanders, 27, studied fashion design and retailing before she saw a better opportunity in the financial world. Starting as a research assistant in 1966, she now is Chicago's only black woman stockbroker. She works at DuPont, Glore, Forgan Inc., where she puts in twelve-hour days and has 400 clients. "When you are making money for people, they don't care who you are," she says. "You could be pink with blue polka dots...
...small and often clubby group of men who run the nation's financial center are acquiring an unlikely new member this week. H. Ross Perot, the 40-year-old computer multimillionaire from Dallas, will formally take control of F.I. du Pont, Glore Forgan & Co., the nation's third largest brokerage firm. No one on Wall Street seems quite certain how to welcome a Nice Guy from Texas. A banker sent Perot a cowboy suit, and an F.I. du Pont salesman ordered a pair of tasseled loafers for his new proprietor. Perot showed up in Manhattan wearing his usual...
...that matter, are Ross Perot and his Texas-size bank account. Last summer the Du Pont firm, hard up for capital as a result of Wall Street's bear market, agreed to merge with Glore Forgan Staats, thus picking up some $18 million in new money. Even that infusion was not enough, and to raise cash last November F.I. du Pont tried to sell 100,000 shares that it owned in Perot's computer-servicing company, Electronic Data Systems Corp. It had acquired the shares in a contract with E.D.S. for computer services. The deal called for Perot...