Word: pattillo
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...director of the White House's Office of Management and Budget, has become one of the new Administration's strongest advocates for conservative fiscal policies. But Lance's own financial position is far from conservative; he is, in fact, hip deep in debt. Says Dan Pattillo, one of Lance's banking and personal friends in Georgia: "I couldn't sleep nights if I had to service debts like Bert...
...sharp decline. At the same time, his income has been cut drastically since he took his Washington job. How he can meet the estimated $370,000 in interest payments on his various loans this year and maintain his lavish living style mystifies his friends. It may turn out, says Pattillo, that "Bert just can't afford to stay in Washington...
...holds in the National Bank of Georgia, of which he was president before going to OMB. He had borrowed heavily to buy 164,228 shares of that stock in June 1975. He had paid $17.74 per share, or $2.9 million, as part of a move with two partners-Pattillo, a construction company president, and John Stembler, a Georgia movie-theater chain owner-to gain majority control of the bank. Lance's entrepreneurial acumen helped to almost double the bank's assets. However, the prospect of his large block of stock going on sale, plus his own departure...