Word: investors
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Dates: during 1970-1979
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Divorced. Lee Bouvier Radziwill, 41, younger sister of Jacqueline Onassis, actress manquee and fledgling author; and Prince Stanislas Radziwill, 60, British-based Polish nobleman and real estate investor; after 15 years of marriage, two children; in London...
...popular as it once was unorthodox: in denominations as low as $500, the bank offered its customers fixed-term certificates of deposit that paid a higher interest rate than is permitted on savings accounts. Now its managers have introduced an even more radical idea for the inflation-harried small investor: notes that would pay a variable interest rate, generally tending to rise with the cost of living. Their plans have kicked up a controversy that prevented the scheduled sale of the notes last week...
...Marron, 39. The president and chief executive of Mitchell, Hutchins Inc., a major Wall Street institutional brokerage firm, started his own investment banking firm in 1958. Seven years later he merged with Mitchell, Hutchins, then a small Chicago firm and by 1969 was its president. Shifting emphasis from small-investor business to the institutional trade just in time to catch the new wave in the market, he has seen revenues grow by more than 40% a year since 1966 (last year's total: $20 million). One of his innovations has been to hire noted experts in other fields (Henry...
Certainly no questionable operation has ever matched the star quality of Home-Stake's investor list. Singer Andy Williams' stake ($538,000*) was among the largest, but he had plenty of celebrity company: Alan Alda ($145,000), Mia Farrow (amount unknown), Barbra Streisand ($28,500), Barbara Walters ($28,500), Bob Dylan (who now has $78,000 more reason to sing of capitalist exploitation). New York Yankee Catcher Thurman Munson put up an unknown amount; Republican Senator Jacob Javits of New York, $28,500; Federal Judge Murray Gurfein, who wrote the decision in the Pentagon-papers case...
...Mutual Funds last week announced a plan that enables customers to write checks against interest-earning mutual fund accounts. Fidelity is starting a Daily Income Trust that will invest deposits of $5,000 or more in such high-interest securities as Treasury bills and bank certificates of deposit. Each investor who wants the service can also open a no-balance checking account at Boston's National Shawmut Bank. When the bank gets a check for payment, it will withdraw the funds from the customer's Income Trust account, but until then the money earns interest. Although checks...