Word: lynching
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Roger Birk, chairman of Merrill Lynch & Co., stands as tall on the job as in his profession. Birk presides over the largest U.S. brokerage house from a brown walnut stand-up desk that he uses for everything from reading mail to signing multimillion-dollar deals. He acquired the desk ten years ago to help relieve the agonizing backaches that plagued him after long hours in a chair. Those pains are gone now, but the desk has stayed. Says Birk: "I find it pleasant and more practical than normal desks, and even tension easing...
Wacker said yesterday that he had asked to meet with the Joint Committee along with Dr. Maureen M. Lynch, a UHS affiliated pediatrician who cares for some of the babies delivered by Winig...
...Viola M. Lynch Weston, Mass...
Nonetheless, many individual investors continue to wait on the sidelines. Some are even taking advantage of the high prices to sell shares. Says William Rajsky, a Merrill Lynch account executive in Peoria, III.: "This is not the usual market. The little guys aren't buying, they're selling." Fred Fraenkel, director of investment strategy for E.F. Hutton, who analyzes the habits of his firm's 850,000 customers, agrees. Says he: "So far the buying orders have come almost exclusively from institutional and foreign investors. The cash customer, on the other hand, has been a net seller...
...become so concerned about the generally weak economy that it will push through a looser money policy. The Fed, which is usually expansive in an election year can be expected to reflate even more "' says Morgan Stanley & Co.'s Richard Schmaltz. Says Analyst Robert Farrell of Merrill Lynch: "For the market at this juncture, bad economic news has become good economic news...