Word: lasker
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Exchange Chairman Bernard J. ("Bunny") Lasker, who had voted with the 16-man majority, got into the act by declaring: "Bill Martin will have plenty to do, and we'll be consulting him along the way, but the tide of events is running too swiftly to put off vital decisions for nine months." Replied John Loeb: "The tide of events is not running too swiftly. Bunny Lasker...
...regain some of the lost business, an activist faction in the exchange's power structure-including Lasker, Salomon and Merrill Lynch Chairman Donald Regan-is willing to reduce commissions on big trades and liberalize the membership rules. Says Regan: "This is the solution for the exchange-the only way that it can get back that business." But the go-slow camp-including Loeb and Levy-fears that lower, negotiated commissions might lead to collusion between some brokers and big traders. Others argue that the change would cause more failures among brokerage houses because strong firms would underbid the weak...
...danger last week when he proposed some basic revisions in exchange rules. Though some members supported him, many reacted as if he were ordering tumbrels to convey them to the guillotine. Among the insults flung at him were "panderer," "out of his mind" and "he makes me sick." Bernard Lasker, chairman of the N.Y.S.E. board of governors, observed that the board, not the president, makes policy...
...building on Nixon to mount a new and more energetic attack on inflation without provoking a severe recession. The President, in turn, is trying to convince business and financial leaders that he is deeply concerned about the stock market and the general economy. Last week he conferred with Bernard Lasker, chairman of the New York Stock Exchange. In the next few days, National Security Adviser Henry Kissinger and Budget Director Robert Mayo will exchange ideas with other prominent businessmen...
...District Judge Morris Lasker has just denied a preliminary injunction. As he saw it, the poster makers had violated no law; moreover, banning the posters might infringe on their right of satirical expression. With a gallant touch, Lasker also reassured the Girl Scouts that their sturdy reputation for virtue would easily survive this "wry assault." Said Lasker: "Those who may be amused at the poster presumably never viewed the reputation of the plaintiff as being inviolable. Those who are indignant obviously continue to respect...