Word: moneymen
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...high potential, some risk, and a tough time securing capital from local sources. ADELA plans to raise $40 million from 80 or more companies in the rich Northern Hemisphere; with this it hopes to attract another $160 million from such sources as the World Bank and the Latin American moneymen, who are normally wary of investing in their own homelands. So far, a dozen firms have pledged up to $500,000 each, including Italy's Fiat, Belgium's Petrofina, Switzerland's Swiss Bank Corp., a Japanese consortium, and the U.S.'s IBM and Standard...
...attempt to conserve cash, Webb & Knapp (Canada) wants to pay the holders of its debentures in interest notes instead of dollars over the next three years and promises to undertake no new projects. But Canadian moneymen were skeptical that Impresario Zeckendorf could really restrain himself. So "Big Bill" had to go. His exit at Trizec followed virtually automatically, and the departure was sweet revenge for Britain's Second Covent Garden Properties Co. Ltd., which has a 24.5% interest in Trizec; six representatives of Second Covent Garden had been forced off the board of the U.S.'s Webb & Knapp...
...make the bankers happy; he collects pictures almost as avidly as companies, has a Frans Hals portrait in his library, and a striking charcoal sketch by Käthe Kollwitz in his headquarters office at Bielefeld. Its title is Aid the Starving, but it seems to reassure the moneymen...
...telegrams, Zanuck arrived in New York last week, and three days later he was president of 20th Century-Fox. His victory was shared by Spyros Skouras, deposed last month from his 20-year regime as Fox's impresario, and it was a complete victory over the Wall Street moneymen who had shoved Skouras aside...
...cheerless place for anyone trying to peddle large blocks of stock. So discouraging was the atmosphere that long-scheduled sales of stock in two eminently solid corporations (Kellogg Co. and McGraw-Hill Publishing) were abruptly postponed by the investment bankers underwriting them. But the Street's hard-eyed moneymen took a different view when 430,000 shares of General Motors Corp.* went on the block. Within minutes, they tumbled all over one another plunking down $23 million to grab up every share...