Word: lynches
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Dates: during 1990-1999
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...example, only 38 of Merrill Lynch's 546 directors are African-American, Asian-American or Hispanic, Business Week reports...
Companies have begun to include diversity among their top criteria for measuring success. Price Waterhouse has a new diversity index, Littlejohn says. Likewise, Merrill Lynch awards bonuses to vice presidents on the basis of eight criteria, one of which is recruitment and retention of minorities, according to Business Week...
Other critics, Business Week reports, accuse companies of simply hiring minorities to avoid lawsuits such as the discrimination complaint 10 black Merrill Lynch employees filed with the National Association of Security Dealers...
WHEREVER MAGELLAN GOES, PEOPLE follow. America's largest mutual fund, with $53 billion in assets, is so big that it creates a wavelike surge in share prices on its shopping trips through the stock market. In the days of the legendary Peter Lynch, who averaged a 29% return from 1977 to 1990, the fund spread the money widely, typically carrying about 1,400 stocks in such traditional industries as retailing and banking. But now Magellan is steered by Jeffrey Vinik, 36, who is managing a fund that is five times the size of the one Lynch left behind. And Vinik...
...like Bristol-Myers Squibb and Schering-Plough. Her investments grew quickly, says William Fay, her stockbroker for 25 years. "After World War II, stocks really took off. While $5,000 sounds like a nominal amount, it could have increased fivefold in five years," says Fay, who retired from Merrill Lynch two years ago. At Scheiber's death, her portfolio had increased more than 4,000 times. Especially profitable were 1,000 shares in Schering-Plough that she had originally bought in 1950 for $10,000; by 1994 they had grown to 60,000 shares worth $4 million...