Word: halseyisms
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Dates: during 1940-1949
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...breastrokers, McClure and Pach, are a fast-improving pair, and will give the Crimson butterfly artists plenty of competition in the 200 yard event. On the other hand, the Orange and Black divers are again below par, and the distance men are only mediocre. Shef Halsey is capable of a 5:05 quarter, but the others (save Parke or possibly Vande Weghe) are not usually within hailing distance...
...bonds amounting to a two-point spread including a 3/8 of a point managers' fee for Morgan Stanley and Bonbright. The Commission conceded that it had previously sanctioned such spreads and fees in other deals. Moreover, the Commission made a point of asking Interveners Otis and Halsey Stuart, who tried to crash the syndicate gate (TIME, Dec. 11), if they would have offered Consumers a better bid. But investment banking's No. 1 "outsiders" refused to get down to brass tacks, simply repeated that they wanted competitive bidding. Decision O.K.'d the bankers' cut, Henderson...
...proposed $28,594,000 bond issue (the remaining $18,594,000 would refund an older bond issue paying a lower interest rate). Under the statute, the Commission is charged with determining if a new security issue is: 1) necessary, 2) desirable for the issuing company. Halsey Stuart and Otis had offered to put up this new money for common stock instead of bonds, to take a risk as minority holders in Consumers Power instead of adding to its debt as C. & S. proposed. Because of this offer bond financing was no longer necessary. Thus the only question was whether...
...topic from "Investment banking" to allied "competitive bidding." Well did Pete Nehemkis know that Mr. Stanley was the leader of the conservative Wall Street group (including such firms as Kuhn, Loeb, Lee Higginson, First Boston) which has frigidly rejected competition. When such competition-minded houses as Chicago's Halsey, Stuart, such individuals as Cleveland's Cyrus ("The Great") Eaton, walk in the front door with bids for securities issues, Morgan Stanley & friends stalk out the side exit...