Word: lynch
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Dates: during 1950-1959
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...Lynch inched forward to the cockpit from the lounge, helped the copilot and flight engineer override the automatic pilot and pull the plane out at 6,000 ft. After an emergency landing at Gander, the plane showed no damage from the dive beyond a cracked wing-splice plate; investigators guessed that sudden de-icing of the 707's trimmed elevators had sent the jet's nose down. Favorite statistic of survivors: just before the 29,000-ft. descent, Captain Lynch had climbed from 28,000 ft. to 35,000 ft. to get over a storm...
Wall Street still has its speculators. But Merrill Lynch, Pierce, Fenner & Smith, in a survey of 300,000 big, little and medium-sized investors, discovered that the vast majority bought for long-term investment and had no intention of selling, despite the recession. Even American Telephone & Telegraph Co., that staid old lady of the utilities, is getting to be a growth stock...
...many new capitalists that the number of stockholders passed the 10 million mark. Merrill Lynch alone is adding new accounts at the rate of 950 a week. Mutual funds are growing almost as fast. In 1940 there were only 68 mutual funds with $448 million in assets; today 149 funds hold $12.75 billion in assets, the great bulk of it stocks. Another $12 billion in stocks is held by other institutional buyers such as insurance companies and pension funds. Even such stiff-collared investment bankers as Lehman Bros. and Lazard Frères went into the fund business, unable...
...built Safeway from nothing into a huge chain, he made such a good impression that Warren asked him to go to California. Magowan had worked up to be Warren's administrative assistant when he was asked to go back east and help run the brokerage firm of Merrill Lynch, Pierce, Fenner & Beane (now Smith). Although Founder Charles Merrill was his father-in-law, Magowan sold himself by his selling...
...executives, who are not active members of A.L.P.A. But the executives are fast approaching their flying-time limits of 255 hours a quarter, and further schedule cuts may soon be necessary. The pilots' pay is already well above that of many executives. Assistant Vice President for Communications Waldo Lynch, who is filling in as a pilot, gets $22,658 a year, or about $2,000 less than a Pan Am pilot...