Word: investor
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Dates: during 1960-1969
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...stockholder's heart like a split, and last week five major U.S. corporations announced splits. They were IBM, Philip Morris, United Air Lines, Standard Brands and Socony Mobil. For IBM, the three-two split of shares now at 497 was the tenth since 1926; it meant that an investor who bought 100 shares for $2,750 when IBM was founded 52 years ago would now have 19,231 shares worth $9,557,800, along with $586,300 in dividends. Speaking of dividends, such corporations as Borden Co., Olin Mathieson and American Tobacco raised theirs last week on the strength...
Better still, the World Bank-absent from Brazil since 1959-agreed to lend $80 million early this year for power projects. The International Monetary Fund, another long-absent investor, chipped in $125 million, plans to offer $120 million to $180 million more in new standby credit next year. And the U.S., which cut Alianza aid to Brazil to a trickle under Goulart, has granted more than $500 million in technical and economic assistance...
danced by. Peter waved casually. And why not? The President's partner was Duchin's wife Cheray (nee Zauderer), who is the daughter of a wealthy New York investor...
...sensitive about the "millionaire" title and seldom brag about it. But they respect the power of money, like what it can buy. Great wealth seems to produce a security and mobility that usually enables the rich to grow richer. By putting $1,000,000 into municipal bonds, an investor can get an annual income of $35,000 tax free. Most of today's newly rich entrepreneurs use their money in a more venturesome way, but few of them live on as grand a scale as the ostentatious millionaires of the Gilded Age. In an affluent nation where almost every...
...library. For the new sculpture court, Sir Jacob Epstein's widow gave six of his busts, including one of Somerset Maugham. Soon the Far Eastern gallery will put on display a distinguished collection of Han-dynasty pottery, on extended loan. Donald DeCoursey Harrington, a gas and oil investor living in Texas, has donated 47 paintings from Boudin to Vuillard that make the museum's survey of French art its most vital collection...