Word: greenbaum
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Dates: during 1980-1989
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Meanwhile, an internal Sears committee is looking into all sorts of new financial ventures. One plan would turn the company's credit card into a debit card that would automatically deduct the price of purchases from a savings account. Speculates Stuart Greenbaum, a professor of finance at Northwestern: "The Sears credit
...bailout is expected to boost mo rale inside the bank, which has lost a host of key employees by resignation. Observed Stuart Greenbaum, a finance professor at Northwestern University: "The loss of self-respect and pride among people at the bank has been enormous." Now that a comeback could be under way, he adds, many employees will want to stick around and try to redeem their reputations along with that of the bank's. Continental may soon rekindle its archrivalry with crosstown competitor First Chicago...
...most important thing about the production is the overall effect of having all groups thrown together, and not just one in the spotlight," Susan G. Greenbaum '85, another Pitch, said yesterday...
That will place Sears even more squarely in competition with financial firms such as Merrill Lynch, American Express and Citicorp. Sears' huge base of cardholders will give it an advantage in the tough battles on the way. Says Stuart Greenbaum, professor of banking and finance at Northwestern University: "Sears could end up being the biggest bank in America without much trouble...
...possibility of a country defaulting rather than accepting the IMF'S austerity demands cannot be dismissed out of hand," says New York Financier Felix Rohatyn. Notes Stuart Greenbaum, professor of banking and finance at Northwestern University: "Imagine you are a Latin dictator deep in debt. If you [accept IMF terms and] cut back on imports, you get riots in the streets. If you default, you are ostracized by the world capital markets. Now if the first approach leaves you swinging from a tree branch, you know you are going to go the default route...