Word: moneyman
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...stock performance barely budged under external control and last November, UT switched to different money managers. "We need ultimately those managers to do better than ourselves," says Patrick, who attended the College and Business School before becoming top moneyman...
...very, very productive and very, very open," the council's moneyman says of the meeting. Zayas says that he and Spence discussed the specific candidates, minority concerns and other student concerns...
Heritage was founded with a grant of $250,000 from Joseph Coors, the Colorado brewing magnate and backer of conservative causes. Today it receives about a third of its $ 10 million annual budget from foundations, many of them begun by ideological sympathizers like Pittsburgh Moneyman Richard Mellon Scaife and Industrialist John Olin. Another third is contributed by business corporations, though Heritage's rigid opposition to Government regulation and protectionism has angered executives of some major corporations that profit from such measures. The final third comes from 130,000 individual donors...
American bankers, who believe that Argentina owes around $46 billion, are professing little concern over the country's bookkeeping mess. "Each bank knows exactly what it is owed," said one New York moneyman. He added, "You've got a lot of people doing the job for the first time down there, and it will just take a while to sort out." Bankers point out that Venezuela (estimated debt: $34 billion) also has untidy bookkeeping, but Mexico ($85 billion) and Brazil ($96 billion) have much better records...
Most U.S. bankers avoided the week-long session. Only Bank of America and Chase Manhattan sent observers. "It's a no-win situation," noted a Caracas-based U.S. moneyman, who said he had feared that banks and Americans in general would come in for "some gringo-bashing that we could do without...