Word: lufkin
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Haack is no defender of the tradition of setting commissions so high that they enable even inefficient brokerage houses to make money and the most efficient ones to make barrels of it. Donaldson, Lufkin & Jenrette, a house that specializes in institutional orders, has consistently had a profit margin of 50% before taxes under this system. Individuals can make more money with less work on Wall Street than almost anywhere else in the economy. Some neophyte brokers earn commissions at a $50,000 annual rate within six months after graduating from a training course, and veterans fairly commonly make...
...Lufkin, the 37-year-old chairman of Donaldson, Lufkin and a Big Board governor, is pressing the other 32 governors to approve a change in the constitution, which would then have to be voted on by the 1,366 exchange-seat holders. The exchange has called for a committee report by July 17, and will seek the SEC's opinion. Lufkin does not intend to be put off. His firm's prospectus declares bluntly that if the constitution is not amended, Donaldson, Lufkin will go public anyway. If the stock exchange then drops it from membership, the firm...
...explanation lies in the injuries B.C. has sustained. Cuniff, Dyer, and Moylen are all hurt, along with defensemen Woodie Johnson and Tom Lufkin...
Left wing Paul Lufkin added a second marker for the Eagles at 5:55 while the Boston College Band blared its approval. Held scoreless by Apprille, Weiland's skaters spent most of the early action riding out penalties for tripping and interference...
...referees awarded Dan Rufkin Yale's fourth penalty of the night at 15:48. Outraged, Lufkin heaved his stick in the air, but was seated in the box anyway. Hubbard slammed in Harvard's fourth goal one minute and 36 seconds later...