Word: marketeers
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Dates: during 1960-1969
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...resolution fails to confront these issues. Its standard for the University is one of "fairness," allowing an open market-place in which the military, as well as other interests, can function. We reject the notion that the University must welcome the instruments of repression in the name of freedom or the narrow self-interest of some Harvard students...
...market is still roaring upwards and testing previous highs. Last week the center of action was Manhattan's Parke-Bernet Galleries, where one blue chip found a dynamic investor willing to bid it up to a new record price. The buyer was California Collector-Industrialist Norton Simon, who paid $1,550,000 for Auguste Renoir's Le Pont des Arts, upsetting the previous auction record for impressionist paintings, set by the Metropolitan Museum when it paid $1,410,000 for Monet's The Terrace at Ste. Adresse a year...
What keeps the art market boiling is the knowledge that Renoir's Le Pont des Arts cost only $19,500 when its previous owner, Manhattan Collector Mrs. W. Clifford Klenk, bought it in 1941. The inevitable result has been to pull into the bull market a host of amateur speculators. To satisfy them, dealers are hustling out the "cats and dogs," in Wall Street parlance: stocks with a glamorous look but shaky prospects...
...lawyer on the board of another company finds out that the firm will soon market a profitable new product. But one of his law partners is an adviser to several estates and intends to unload the company's shares. Should the lawyer dissuade his partner...
...deal was a somewhat ambiguous "No, but yes." No, Fiat could not buy the Citroen shares from the tire-making Michelin family. But yes, Fiat and Citroen could cooperate, so long as their mutual dealings did not affect "conditions of employment" and the "equilibrium of the auto market in France," That means that little, if anything, can be salvaged from the original deal, The two companies had intended to share manufacturing plants and probably to channel more Citroën work to Italy's lower-wage labor market, They also had planned to give Fiat access to Citroen...