Word: man
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Dates: during 1970-1979
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...Broker Jonas Ottens, 78, then an odd-lot order clerk with Salomon Bros., recalls being pressed into service to telephone customers to tell them that their margined stocks were to be sold off unless they put up more money. "The first call was routine," he remembers. "But the second man acted so upset that I thought he was going to go out and kill himself. I just refused to make any more calls...
...senior vice president with Shearson Hay den Stone, remembers Black Tuesday as "a bloodbath. It was horrible." In the days after the crash, he says, several of his friends committed suicide, one by jumping off the Daily News Building, another by leaping from his commuter train. One man asked a friend of Jarvis how someone could kill himself without pain; a drug was mentioned and the next morning the questioner was dead. Two weeks later the man who advised him shot himself. "They went one after another," says Jarvis. "They couldn't stand it any more...
...I.O.S. "reps" rang doorbells everywhere to persuade people to put their savings into one or another of I.O.S.'s 130 in vestment outlets. Cornfeld, a onetime social worker, proclaimed that "everyone can be a millionaire." As if to prove it, he lived a sybaritic life in a Geneva man sion built by Napoleon, where he was sur rounded by purring cheetahs, freeloading jet-setters and a harem of adolescent beauties...
...I.O.S. board fired Cornfeld as chair man and called in New Jersey Financier Robert Vesco, who returned the favor by milking the funds of an estimated $227 million. He absconded in 1972 to Costa Rica and later the Bahamas. Angered at the way the I.O.S. shambles had be smirched their reputation for financial probity, the Swiss seized Cornfeld when he returned to the country in 1973 and held him for eleven months while they tried to assemble a case...
...MAN, A WOMAN AND A BANK Directed by Noel Black Screenplay by Raynold Gideon, Bruce A. Evans and Stuart Margolin