Word: ifs
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Dates: during 1970-1979
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First there was the crash in May of the American Airlines DC-10 in Chicago, taking the lives of 275 people in the worst U.S. air disaster. Lloyd's underwriters hold 16.5% of the coverage of that flight, which could cost them many millions. If the plane is found...
Eager to expand his business, Christopher met in 1974 with Lloyd's Broker Peter Nottage and persuasively proposed an idea for a computer-leasing policy that the underwriters eventually accepted. Under it, if corporations or government agencies broke a lease after the obligatory noncancellation period, Lloyd's underwriters...
Lloyd's calculating oddsmakers are ruefully philosophical about their mishap. Says Underwriter Murray Lawrence: "If we didn't have losses we wouldn't be in business." The group draws some satisfaction from the recent strengthening of sterling, now at $2.22, which means that members will have to...
John Hanley, chairman of Monsanto Co., remembers his moment of conversion. Last March, at a Citibank board meeting in Manhattan, he heard a Georgetown University political analyst expound on America's deteriorating position in the world. As Hanley recalls, "I went home to St. Louis and sat down alone...
Candidate Connally already commands a cadre of high U.S. executives, if not quite an army. This is remarkable because these men are cautious, their companies do much business with the incumbent (and sometimes vindictive) Administration, and they are offering support so very early in the campaign.