Word: marketed
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Dates: during 1970-1979
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...gain majority control of the bank. Lance's entrepreneurial acumen helped to almost double the bank's assets. However, the prospect of his large block of stock going on sale, plus his own departure and the bank's falling profits, have caused the stock's market value to drop to $14 a share. If at year's end Lance is forced to sell his stock at its present price, he will lose about $614,000 on the 164,228 shares and more than $60,000 on the other 26,639 shares that he bought last...
...same time, Lance's other assets apparently are also shrinking, mainly because of the general market decline since January. Back then, he listed his stock holdings (including shares in the Georgia bank and 135 other companies) as being worth $5,649,000. That figure is certainly less today, given the state of the market. And he is not making what he was a year ago. Where he had drawn $150,000 in salary and severance pay from his bank and picked up another $20,000 in consulting fees, he now earns $57,500 as OMB director. He may continue...
...says, "I wouldn't hesitate to ask the President for some relief" -meaning a waiver of his pledge to sell the stock. Lance's trustee, Thomas Mitchell, says flatly: "I am not going to dispose of that stock at current market value come Dec. 31 or any other time. I'm not going to drop Bert a million dollars for going to Washington. He'll have to get another trustee to do that...
...June before the onset of the rainy season. Griggs reports that long convoys are rolling through Addis Ababa carrying young recruits to a fetid training camp named Siga Meda, or "field of meat," west of the capital. It was formerly used for slaughtering goats, sheep and cattle for market...
...ruined economy. A laissez-faire economist, he initiated currency reform, then abolished price controls and rationing. His rationale: "Turn the people and the money loose, and they will make the country strong." It worked. West Germany became Europe's most prosperous power. A strong supporter of the Common Market and European integration, Erhard succeeded Konrad Adenauer as Chancellor in 1963 but stepped down three years later when his fragile, problem-riddled Christian Democratic coalition came apart...