Word: moneymen
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...served as chairman longer than anyone else, from 1951 until 1970, when he retired. The last two Presidents to reappoint Martin, Kennedy and Johnson, would have preferred to name their own man to the job, but they stayed with Martin because of pressure from financiers around the world. Moneymen used to quip that Martin was worth his weight in gold because he kept the dollar strong...
...number of airlines from raising cash on Wall Street, which is not notably kind to losers. Although TWA dropped $101.3 million in 1982, for example, it announced plans last week for an offering of 5 million shares of common stock, designed to bring in up to $85 million. Moneymen treated that news with interest rather than as a sign of financial chutzpah. U.A.L., the parent of United, which lost $66.7 million last year, said it would offer 3 million shares...
...outlook for Mexico, as for other oil exporters, ultimately depends on how far prices fall. The country could handle a modest decline without much trouble. But some experts believe that oil at $20 per bbl. would be a disaster. With so much already at stake, however, moneymen would seem to have little choice but to continue banking on Mexico...
...marked the first anniversary of the beginning of the much ballyhooed All Savers program. Thus as some $31 billion worth of the one-year, tax-exempt savings certificates began to come due this month in banks and savings and loan associations around the country, it was no surprise that moneymen were in hot pursuit of all that cash...
...heads of the central banks of Chile and Argentina were summarily removed from their posts, and Argentine officials began looking for new loans so that the country could meet payments on a $40 billion debt. Jacques de Larosière, the managing director of the IMF, told the assembled moneymen in Toronto: "The world economic situation is very complex and difficult, perhaps more so than at any time in the postwar period...