Word: mutuals
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Dates: during 1960-1969
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...Mutual Irritation. McLain has not had a losing season since. He was 20-14 in 1966, 17-16 last year. But if he had matured on the mound, he still had his problems off it. It was a regular occurrence for an angry McLain to bash his eyeglasses against the dugout wall (which is one reason why he now wears contacts). In Baltimore, when he was taken out of a game, he threw the ball at his manager and tossed his glove at the dugout. His control that day was so bad that the ball sailed over the dugout roof...
Almost instinctively, the four began their work with a pilgrimage to the hippie encampment in Lincoln Park. It was mutual love at first sight. Hippies fondled Ginsberg's black beard and flowing tresses; Genet showered dollar bills on the hippies and received a hippie ring in return. "They are so beautiful; they are such angels," he murmured. The convention that the four were supposed to be covering was less to their taste. "Boring and unoriginal" snapped Genet. So he and his colleagues decided to return to the idyllic delights of Lincoln Park, only to run into a clash with...
...Wall Street. For example, no employee is allowed to obtain a bank loan by using securities as collateral. Unless he is about to retire, no officer is permitted to become a director of another company. Alone among big brokers, Merrill Lynch has refused to promote the sale of mutual-fund shares, reasoning that such dealings could lead to a conflict of interest in serving its big and little customers...
...securities industry. Indeed, such investment guidance is so prized that an army of more than 11,000 securities analysts strive constantly to uncover it. Investment-company managers, in particular, feel obliged to use whatever they learn to improve their handling of other people's money. Thus, some mutual funds were indignant at the SEC's charges. President Edward Merkle of the Mad ison Fund called them "ridiculous...
...decided increase at the highest management levels. Michigan State University Professor Eugene E. Jennings, an expert on executive mobility, estimates that, apart from family-dominated companies, one-fifth of today's corporate presidents have been with their present firms for less than three years. Last year New England Mutual Life Insurance hired Abram T. Collier away from John Hancock as its new president. Gillette lost Stuart Hensley, now chairman of Warner-Lambert Pharmaceutical. Wayne Hoffman quit New York Central and stepped aboard as chairman of Flying Tiger Line. This week David C. Scott, formerly executive vice president of Colt...