Word: mccloy
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...hope the economic environment and financial conditions will prove so stable as to make another increase in the prime rate unnecessary." So Chairman John J. McCloy of Chase Manhattan Bank last week told stockholders. McCloy had plenty of evidence that the months-long climb in money costs, which has carried the prime rate to 5%, highest in nearly 30 years, has spent its force. At its usual weekly auction of 91-day bills, the Treasury was able to sell at a yield of 4.12%, down from 4.44% a week earlier and half a point under the high...
...John J. McCloy, chairman and chief executive officer of the Chase Manhattan Bank, second largest in the U.S. (after Bank of America), will retire at year's end. Though he is retiring to "observe the principle" of retirement at 65 (Chase Manhattan does not require it), McCloy intends to remain active in business, finance or law, take "a job with some responsible drudgery...
...Black, a new kind of international commission was being formed, to concentrate on devising coordinated aid programs for one key area -India and Pakistan, where nearly 500 million people live. The commissioners would be top-drawer private bankers-for the U.S., perhaps Chase Manhattan Bank's John J. McCloy or Detroit Bank & Trust Co.'s Joseph M. Dodge; for Britain, Sir Oliver Franks; for West Germany, Chancellor Adenauer's influential banker friend, Hermann Abs. Perhaps Jean Monnet would be added from France, and Escott Reid from Canada. In time, Japan might also be asked to chip...
Into the No. 2 job in the nation's No. 1, public business stepped an alumnus of the solidly schooled fraternity of bankers and lawyers that produced such topflight governmental figures as Dulles, McCloy and Dillon, Forrestal and Lovett. To succeed the late Donald Quarles as Deputy Secretary of Defense, President Eisenhower last week named Navy Secretary Thomas Sovereign Gates Jr., 53, longtime Philadelphia investment banker (see box). In a rare (at least this year) burst of nonpartisan confidence, the Senate Armed Services Committee waived its usual lengthy questioning, unanimously approved him. Gates, said Democratic Chairman Richard Russell...
...committee includes: Houston Lawyer Dillon Anderson, onetime presidential assistant for national-security affairs; Detroit Banker Joseph M. Dodge, onetime Budget Director; American Red Cross President Alfred M. Gruenther, onetime Supreme Allied Commander in Europe; Washington Lawyer Marx Leva, onetime Assistant Secretary of Defense; New York Banker John J. McCloy, onetime High Commissioner in Germany; Dallas Businessman George C. McGhee, onetime Assistant Secretary of State; General Joseph T. McNarney (ret.), onetime Commander of U.S. forces in Europe; Admiral Arthur W. Radford (ret.), onetime Joint Chiefs of Staff chairman; Oklahoma Oilman James E. Webb, onetime Under Secretary of State, onetime Budget Director...