Word: hogg
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Dates: during 1980-1989
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...that type of consumer reaction. Says Fran Schall, a Visa vice president: "This will be a status symbol for many customers. It will be very important to pull it out at a business lunch, especially when colleagues may not have the same card." Adds MasterCard President Russell E. Hogg: "Recognition is one of the greatest marketing tools in America, and the gold card is recognized as prestige...
Seven months ago, Russell Hogg (rhymes with vogue), 50, became president of MasterCard, and set out to take back leadership in bank credit cards. A craggy onetime FBI agent with executive experience at American Express and American Airlines, Hogg promptly fired eight top officials and laid plans for a host of new products. The debit card is soon to be followed by a Japanese MasterCard and traveler's checks...
...Indeed, ex-fags point to benefits from fagging. "You learn how to command by learning how to obey," says one Old Etonian. Beyond that, a good senior, or "fag master," helps new boys find their way around the complex campus and sometimes becomes a lifelong friend. Recalls Sir John Hogg, 62, chairman of the Old Etonian Association: "I had an extraordinarily good fellow as one of my fag masters. Our contact bridged an age gap in a very successful way." Then too, fagging at Eton created a great many social distinctions that are a British specialty. For example, "tea fags...