Word: morgans
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Dates: during 1980-1989
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...yearly loss since 1932. It lost $172 million more in this year's first quarter. The firm laid off some 20,000 workers during 1982 in addition to the 20,400 strikers, and has slashed its capital spending and research budgets. "Cost containment is vital," says Chairman Lee Morgan, 63. "We will have to scratch still harder for business and manage more effectively...
...financiers and businessmen everywhere: Will Federal Reserve Board Chairman Paul A. Volcker, 55, one of the pivotal makers of U.S. economic policy, be reappointed to a new four-year term in August? Last week, for example, at a New York City luncheon for 20 top money managers held by Morgan Stanley & Co., the investment banking firm, Admiral Robert L.J. Long talked at length about the Soviet military threat. But at all the luncheon tables the topic of conversation was Volcker. At Manhattan's "21" Club, several businessmen were overheard discussing the Fed chairman. Eight blocks away at the Algonquin...
...lots of support in the White House because of past service to the Administration. Says one admirer: "He's an independent but on the Reagan team nonetheless, a perfect compromise choice." He is also a popular candidate among moneymen. Says Barton Biggs, the chief investment officer of Morgan Stanley: "If they pick Greenspan, they will pick the second best guy to Volcker...
...other market experts, including Morgan Stanley's chief portfolio strategist, Barton Biggs, have been warning that many high-tech issues are overrated. Some are selling at prices as high as 50 times their earnings; the average price for the 500 stocks in Standard & Poor's Index is about 13 times earnings. Says Zeikel: "It's true that some high-tech stocks have gotten ahead of themselves." But he argues that the overall high-tech trend is up and that the funds will ride up with...
...Nancy Lopez is married to Houston third baseman Ray Knight. while Ms. Morgan is the wife of National League umpire Dick Stello...