Word: refco
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...often rowdy world of commodities trading, Phillip Bennett, the chief of giant commodities broker Refco, seemed like a cut above. An elegant, Cambridge-educated detail man, he often dressed in three-piece suits, lived on a horse farm in New Jersey and was something of a gourmet. Bennett brought an aura of respectability to a firm that was known for highflying, sometimes sloppy ways, offering a striking contrast with Refco founder Thomas Dittmer, a cattle and oil trader and all-around swashbuckling guy who liked to hand out gold watches when he made a great trade. "They were rough, very...
...born of fear, is exacerbating the shortages -- and that cannot be solved by credits alone. "If the problem isn't with how much they can grow, the solution isn't going to be in how much more they can buy abroad," notes Richard Feltes, vice president of Chicago-based Refco, one of the world's largest commodities brokers...