Word: lynching
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Dates: during 1960-1969
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Modern corporations usually make it a practice to prepare carefully for any change in command. But few are as forehanded as Merrill Lynch, Pierce, Fenner & Smith, the Thundering Herd of Wall Street. The biggest brokerage house in the world, with 170 offices and a $369,443,000 annual business with 914,000 active customers, Merrill Lynch announced last week that it was beginning to transfer leadership of the Herd to a group of executives who have been on the street only since World War II. The heir apparent for the top job has not only been grooming...
...vice chairman of the board, chairman of the policy committee and chief planning officer. Following Thomson as president will be Donald T. Regan, 49, a Massachusetts Irishman from Harvard who was a 1940 classmate of John F. Kennedy. Chairman George J. Leness remains as chief executive. But since Merrill Lynch has a mandatory retirement age of 65, Chairman Leness will step out late this year and turn his title over to Thomson. When Thomson retires a year after that, Regan will step in to run the world's largest investment house...
...Goofed." After joining Merrill Lynch in 1946, fresh from South Pacific service with the Marines, he went through the firm's sales training program and caught the eye of the then sales-promotion chief, Robert Magowan. While other graduates were sent out to run branch offices, Regan remained behind at the 70 Pine Street headquarters for increasingly responsible administrative jobs...
...survey of other colleges around the Boston area showed that Northeastern university has the only college police force that does not carry firearms. Northeastern Police Chief Roy Lynch explained that there has never been a need to use them in the five years that he has been at Northeastern...
Bruce Lopucki, playing number two, beat Williams' Dorsey Lynch, 4 and 3, to gain the other victory...