Word: partings
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Dates: during 1960-1969
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LIKE all his predecessors, Robert Haack, president of the New York Stock Exchange, speaks proudly of the Big Board's "preeminent position in the securities industry." Then he utters what his predecessors would surely have deemed blasphemy-the thought that this dominance is not part of the order of nature but could be lost if the exchange does not adapt itself to "a totally new set of conditions." Largely because it has so far been highly resistant to just such a basic change, the Big Board is in trouble today...
...lost in. These students will not have to work their way painfully up through the ranks; they begin fairly close to the top. Many of today's business students have been in the armed forces, have started their own businesses on campus, and have worked as part-time corporate consultants while going to school...
...only institution that has maintained its credibility in the ghetto. The blacks have been badly deprived of management experience, and if we can help them over that, we can go a long way toward solving our social problems." Casten spent four years in the Marines, made money as a part-time computer consultant while in graduate school and was co-founder of a Columbia business students' counseling service for Harlem entrepreneurs. He will continue that kind of work by directing venture-capital investments, including some to low-income areas, for the Irwin Management Co. Starting salary: more than...
Jonathan Stern, 24, also New York University, stands No. 1 in his graduate business class of 470 and has been working part time at $37 a day studying property accounting for Sinclair Oil. He will now join John P. Maguire & Co,, a Manhattan factoring firm that advances money to small businesses; this will give Stern the chance to study a variety of businesses. He has other reasons for preferring a small company: "I once had an offer from General Motors, but my idol is Ralph Nader." He adds: "I think that there is more to life than earnings per share...
...their part, oilmen maintain that they would not have risked North Slope drilling without the depletion allowance, and claim that the allowance is necessary to spur further development. Despite the likelihood of a cut in the allowance, however, the managers of Atlantic-Richfield, British Petroleum and Jersey Standard believe that the find will be so profitable that they plan to invest $900 million in an 800-mile pipeline. It will bring the oil to the ice-free port of Valdez, Alaska. In order to expand its marketing of Alaskan oil, British Petroleum last week announced its intention of merging with...