Word: govett
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...BOTTOM LINES "It's like swapping Pokémon cards on the playground and earning a bonus when you have printed your own." Rupert Walker, former fund manager at Govett Investments, on the "split-capital investment trusts" now being investigated by Britain's Financial Services Authority "We think he is Lord of our transportation choices as well as all our other choices." Jim Ball, director of the Evangelical Environmental Network, on their WWJD ("What Would Jesus Drive?") campaign against sport-utility vehicles
...insurance companies have been free to buy each other for a decade. There's even a term for the combination--bancassurance. "It may be a new model for the U.S., but it's not a new model for Europe," Peter Toemin, bank analyst at London's ABN AMRO Hoare Govett, says of Citigroup. As the globe shrinks, Weill pointedly notes, "it's very, very important that some of the big ones...
...Asia--is turning cozy, inefficient state-owned monopolies into telephone free-for-alls. The second trend is technology, which has dissolved borders and allowed telecommunications companies to branch into cable television and information services. "The logic is simple," says James Ross, a telecommunications analyst for the ABN AMRO Hoare Govett brokerage firm in London. "In the end, the industry is going to be dominated by a small number of large players, and this makes it more likely that BT/MCI will be one of them...
Experts are divided about whether the OPEC pact will ultimately hang together. Shearson's Margoshes declares flatly that "it will hold." Says John Toalster, an analyst at Hoare Govett, a London brokerage firm: "The agreement represents a watershed for OPEC." The clan will stick together, these observers conclude, because oil producers have finally realized that they have nothing to gain and everything to lose from plummeting prices...
...wells, peopled by Mexican bandits, derelict Yankees, greasy drillers, dollar-brained exploiters and always, always, their perfumes clinging, their bodies twining and hinting as only a close observer of exotic flesh could make them twine and hint, women of extreme temperature waiting in cafes, hotel lobbies and upper chambers, Govett Bradier, oil baron extraordinary, returns to complete the theft of an associate's wife, Vida Carew. He is convalescent from malaria but chronically passion-ridden. What time he hangs around Tampico, small bright knives slip out of sheer hosiery and into brawny thoraces; frost accumulates on silver buckets...