Word: moneymen
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...longtime No. 2 man and heir apparent, had resigned. Reason: a squabble between Christian Democrats and Socialists over who would be officially tapped to run Italy's biggest financial institution once Longo stepped out. The Christian Democrats favored Lolli, who has the backing of such important moneymen as Bank of Italy Governor Dr. Guido Carli and Treasury Minister Emilio Colombo. The Socialists, demanding jobs and economic power as the price for their 1963 split with the Communists and alliance with the Christian Democrats, urged the appointment of Paolo Pagliazzi, 58, a former professor who is currently the bank...
...Foods was recently turned down by stockholders. But the company is still looking, with Transamerica Corp., a financial holding company, currently said to have the inside track. Such hardheaded business decisions may not please Hollywood's art lovers, but the trend has mightily impressed Wall Street's moneymen. Variety reported that during the last month movie stocks have risen a phenomenal...
...rising from bank examiner to Saxon's first deputy. In naming Camp, Johnson followed his recent tendency to select noncontroversial careerists to head regulatory agencies. The appointment was hailed unanimously by bankers, Congressmen, officials of other Government agencies and Jimmy Saxon. Reported the American Banker, daily bible of moneymen: "Almost everyone who has been associated with Mr. Camp considers him an affable, easy-to-get-along-with individual who knows the ins and outs of the business...
...symptoms were partly psychological, partly fiscal-and wholly welcome. Among moneymen, panicky talk of a threatening crisis in the financial markets had disappeared as bond prices improved and business reacted to high-interest rates by postponing some borrowing. The length of the work week, new hiring by industry, business inventories and industrial production all showed a downtrend. Though the nation's factories hummed at 93% of capacity, that rate was no higher than it had been at the start of the year. Lagging demand for steel, the economy's most basic ingredient, last week prompted giant U.S. Steel...
...most important gathering of the world's moneymen is the annual meeting of the directors of the World Bank and the International Monetary Fund. Lately the U.S. has found it necessary at these meetings to promise to keep the dollar as good as gold...