Word: millions
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Charlie Wellman, 53, entered the S&L field after graduating from the University of Southern California law school in 1940. He learned the business at Coast Federal Savings, an aggressive competitor for consumers' savings, and made his mark by helping Glendale Federal S&L grow from a $23 million midget to a $450 million leader in its industry. He quit as president of Glendale Federal in 1962 over policy disputes with the association's founder-chairman, but within hours was hired as president of Los Angeles' First Charter Financial Corp., now the nation's largest publicly...
...last week Xerox's stock had fallen a drastic 18¼ points since the September announcement, costing the company's investors a paper loss of $400 million and reflecting a widespread notion that a link with solid but unspectacular C.I.T. could only tarnish Xerox as a glittering growth stock. At any rate, there were palpable signs of stockholder relief when the deal was finally dropped. In the first day of trading on the New York Stock Exchange after the announcement, Xerox was bid up 6½ points to $277.25 a share...
...report's readability is also cut down by its inherent inaccuracy. Last Fall, Ford warned that the Faculty would run a $1.7 million deficit in 1967-68. By the time the expenses had been toted up, however, the loss had changed to a profit of more than $1 million. That dramatic a shift is unusual, but every year's budget ends up looking better in June than it had when predicted in October, because Ford is intentionally liberal in estimating costs and conservative in predicting income...
...even if this year's budget doesn't end with a gigantic $2.4 million deficit that Ford predicted last month, it seems sure that the 1968-69 budget will have one of the biggest deficits in history. The basic reasons are simple enough: income is down and expenses are up. The rise in expenses surprised nobody, but the extent of their increase and the simultaneous drop in income make this year's trend unusual and disturbing...
Expenses have been increasing steadily for years. In 1958-59 the Faculty spent a mere $20 million to run the college. By 1966-67, it was up to $37 million, and last year it ballooned up to more than $41 million...