Word: ince
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Except for his service with the Office of War Information, Jim Linen spent his entire working career with Time Inc. He came to the company in 1934, and was made publisher of TIME in 1945 at the age of 33. In 1960 he became president of Time Inc.; during his nine-year tenure in that position, the company expanded its horizons, and its revenues more than doubled...
Linen was often Time Inc.'s ambassador to the world. He started international news tours for American businessmen coordinated aid to refugees from the Arab-Israeli wars, and worked for numerous charitable organizations. For three years he was president of the National Urban League. Future publishers of TIME may perform similar roles with similar distinction, but they will always hold in respect-and use as a measure-the contribution of James A. Linen...
...turning to some esoteric outlets that are not conventionally thought of as investments: gems, rare stamps and coins, furniture, even whisky bottles. Max Martin, an insurance salesman in San Rafael, Calif, got out of the market in 1973 and into diamonds. Says Keith Harmer, vice president of H.R. Harmer Inc., an international stamp auction house: "Starting about five years ago, people began spending big money on stamps $20,000 to $25,000. They'd sell their stocks, but keep their bonds." One handicap to both investments: retailers can place such a high markup on both diamonds and stamps that...
...however enthusiastically they may denounce the SEC, securities men know where the real trouble lies. Says Donald Marron, president of Paine, Webber, Jackson & Curtis, Inc.: "The principal problem is the fact that the product we sell has not done very well. We are selling stock at precisely where it was 13 years ago." Some investment professionals are even knocking their own principal product. Says Walter Burns, of the institutional investment advisory firm of Lynch, Jones and Ryan: "There is no longer any haven for institutional investors in common stocks. We are telling our clients to invest all their funds...
...Board member firms dealing with the public; at the end of June there were 371. Employment of registered representatives, those commission agents who handle customers' orders, has dropped by more than 13% in the past six years. The merger wave is still rolling: Morgan Stanley & Co. Inc., the Rolls Royce of the industry, has an agreement in principle to merge with the small San Francisco firm of Shuman, Agnew & Co. Inc. in order to get salesmen who know how to deal with small investors. Now that common stocks are no longer a favored investment vehicle, brokerage firms are being...