Word: moneymen
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Last May CITIC opened a four-member office in Manhattan's World Trade Center to deal directly with U.S. banks and corporations. Headed by Ding Chen, 56, a Harvard-trained economist, the facility hums with activity. Awed moneymen quickly dubbed Ding "Dr. Go" for his tireless jaunts around the country to acquaint firms with Chinese investment opportunities. At one Washington gathering, CITIC lined up $60 million of new business. In his talks, Ding is careful to soothe any fears about China's future. Says he: "China's open-door policy is not a transient expedient. It will not be changed...
...blueprint for repairing the global economy, this time a plan to defuse the Third World debt bomb. Baker contended that previous stop-gap efforts to solve the problem relied too much on austerity measures that prevented developing countries from rebuilding their economies. Speaking to a conference of 9,000 moneymen in the South Korean capital of Seoul, Baker called for a three-year lending increase of $29 billion, mostly from commercial banks...
When the creators of a new sitcom called The Loop pitched their show to executives at the Fox television network, the broadcast moneymen liked the idea of a sitcom about young guys living in Chicago. But what they loved was the fact that products on the set wouldn't be an afterthought brought in by a prop master. Instead, viewers would see the same products every week, cleverly woven into the plot throughout the season, and characters would discuss the brands-a bit like a 13-week ad campaign. Sure enough, the network picked up the show. Co-creator Will...
...past several years, Turner has tried to tone down his strutting style, seemingly in the hope of gaining acceptance among Wall Street's buttoned-down moneymen. He realized that his success in any takeover battle will depend on winning the confidence of institutional investors like pension funds, which hold more than 60% of CBS stock. Nonetheless, the drawling Southerner remains largely an outsider. When he went shopping for an investment banker for the CBS deal, he was reportedly turned down first by Drexel Burnham Lambert and then by Shearson Lehman. Finally he reached a deal with E.F. Hutton, a relatively...
...debt dilemma was at the top of the agenda. Fears are rising once again about the financial condition of Brazil and Argentina, as well as that of a host of smaller debtors located mainly in Latin America and Africa. After three days of closed-door talks, the world's moneymen were no closer to a cure for the debt woes. Said Onno Ruding, Finance Minister of the Netherlands: "Do not expect miracles...