Word: pensions
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Dates: during 1950-1959
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Nevertheless, so much stock is being salted away for long-term investment that, despite a 212% increase in 25 years in the number of shares listed, there is a growing shortage of stock. Wall Streeters predict that big institutional investors-trust funds, insurance companies, and pension plans-will own $50 billion worth of stock by 1965, or 24% of all stock on the exchange. Assuming that small investors keep buying, the exchange will need a great deal more stock to satisfy the demand. And stock prices, as in any marketplace, are likely to follow demand...
...PENSION FUNDS are over the $20 billion mark. In its first detailed survey of the funds, the Securities & Exchange Commission reported that corporate pension funds managed by companies themselves (life insurance firms hold another $9.8 billion) nearly doubled in assets from $6.4 billion in 1951 to $11.2 billion in 1954. While most of the investment is still in corporate bonds, common stockholdings tripled in the last three years, comprise $2.1 billion of assets...
Private Life. After retirement, lived modestly in a Buenos Aires suburb swung an occasional business deal to supplement his pension. Father of three sons (one a U.S.-trained engineer), two daughters. With slightly stooped shoulders and horn-rimmed reading glasses, looks more like a professor than a general when in mufti...
Actually, Ben Moulay Arafa, who does not like being Sultan and holes up in small palace quarters once occupied by one of Ben Youssef's concubines, is stalling for time, and hoping for a fat French pension in return for abdicating (his advisers are reportedly asking 3 billion francs-almost $8,500,000). General de Latour marched out of his interview with Moulay Arafa, conspicuously and deliberately omitting the traditional Moroccan wish that his reign would be long and prosperous...
...Norris Bradbury of Los Alamos: "I never saw him mad." President Quarles walked to work at the base so early that a resident who had never met the boss snorted: "I wonder who he's trying to impress?" Two years ago, taking his $10,000-a-year irrevocable pension from Western Electric, he quit to become Assistant Secretary of Defense in charge of research and development, i.e., the Pentagon's scientific boss...