Word: madison
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...busy week, both frustrating and fruitful, with more of the same in the offing. Though the Secretary's wife had hoped to drag him away for an evening at the Russian circus in Madison Square Garden, in the end she had to go without him. In fact, except for one evening when they had a quiet dinner at the Swiss Pavilion, the Rusks hardly saw each other...
Like law firms or other businesses that have confidential relationships with clients, nearly all U.S. advertising agencies are privately owned. Last year Manhattan's frisky Papert, Koenig, Lois created a sensation on Madison Avenue by going public. The sale of shares made near-millionaires out of the agency's three young founders, and stock that came out at $6 a share is now up around $10. Last week Foote, Cone & Belding-the nation's seventh biggest ad agency, with billings of $135 million-put some shares on the market. It looked as if public...
...Foote, Cone's competitors were skeptical about letting the investors in. A Young & Rubicam executive thought that the public disclosure of low agency profits would soon disillusion investors. Others felt that an agency's shares would plummet whenever it lost a rich account. But many on Madison Avenue were reconsidering. Said President Rudolph Montgelas of the Ted Bates agency, the nation's fifth largest: "If Foote, Cone is a great success, two or three other agencies may go public next year. But an agency without a crack record of stability and earnings should...
...satirists are sometimes at a loss to find a really big fat Establishment to skewer. The American college, Big Business, Suburbia and Madison Avenue may still make young men angry, but who is mad at the Episcopal Church? It is not even, like its parent body within the Anglican Communion, Established. Paris Leary, a 32-year-old poet, has rashly ignored all of these considerations in a first novel that invites the reader to share his evident hilarity at High Anglican priests, parishioners and monks at a small college town in upstate New York...
...Morse, better known as the inventor of the telegraph. An Andrew Jackson by John Wesley Jarvis, done in 1819, was acquired to supplement Ralph Earl's Jackson, which Teddy Roosevelt's youngest son and playmates lambasted with spitballs one afternoon. The Blue Room portraits of James Madison and John Adams, however, are still only copies...