Word: lockton
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...horrific acts. We thought we learned this painful lesson in Vietnam, but we are sadly seeing history repeated in Iraq. The few bad eggs are not the brave men and women in the combat zones of Iraq but the cowardly men and women occupying the White House. Steven Lockton Irvine, California...
...STEVEN LOCKTON...
...unprecedented criticism of Moody's stems indirectly from letters written to various public officials-including Moody's President John Lockton-by Arthur Cohen, a Hollywood, Fla., businessman who holds $50,000 worth of New York City notes. Cohen was furious about the state's decision to put a moratorium on payment of principal of outstanding city notes. In one of his latest letters to Lockton, Cohen charged that New York Governor Hugh Carey "and his legislative colleagues have perpetrated what amounts to one of the biggest fraudulent acts" in U.S. history. He further claimed that challenges...
Cohen promptly sent a copy of Lockton's letter to such noted political and economic authorities as Johnny Carson, Chevy Chase and Daniel Schorr. He also mailed one to Rohatyn, who saw in it evidence that Moody's position on MAC bonds was "obviously one of political dogma." Though Moody's denies that politics was involved, MAC officials have called a meeting for this week to decide whether to sue the company or negotiate for a higher rating...
...customer anywhere, we wish to make an adjustment." He cited a rash of suits that followed G.E.'s 1949 antitrust conviction for monopolizing electric bulbs. The suits, which totaled $104 million, were settled for $1,395,000. Just in case things go against G.E. Treasurer John D. Lockton told the meeting, the giant electric company at the end of 1960 had cash assets totaling more than $400 million. "We are in excellent financial condition to take care of anything that we see happen," he said. G.E. stock, which had fallen $7. regained more than...