Word: res
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Dates: during 1960-1969
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...when two of Amex's trusted stock specialists, Gerard A. Re and his son Gerard F., were accused by the SEC of five years of market rigging and price fixing that netted them an estimated $3,000,000. McCormick, it turned out, had had personal dealings with the Res in over-the-counter stocks. It was all perfectly legal, but its propriety was dubious. And almost immediately, more sloppy administration at the Amex came to light: the policing of its members was slipshod and records of transactions were incomplete. Then, to the everlasting annoyance of the rest of Wall...
Like McCormick's dealings with the Res, this was presumably legal-and occurred before Guterma's illicit stock operations became known. But once again McCormick could be faulted for ethical misjudgment. Given McCormick's undeniable services to Amex, his colleagues might, in different circumstances, have taken a less stern view of his peccadilloes. But when the SEC investigations get into full swing early next year, the governors of the American Stock Exchange will have all they can do to defend their exchange as an institution, without having to make the case for Little Mac as well...
...York's Dillon, Read and Morgan Stanley, London's Erlangers Ltd. and Morgan Grenfell, Paris' de Rothschild Fréres and Banque de l'Union Parisienne...
...advertising," snorts Rosser Reeves, chairman of hard-sell Ted Bates & Co. Says Walter Guild, president of San Francisco's Guild, Bascom & Bonfigli, the ad agency for the Kennedy election campaign: "If Toynbee wants to make his own toothpaste and his wife wants to sew her own brassières. O.K. He's just using advertising as a focal point to criticize our entire economic system...
...start that there was unusual activity along the normally deserted rural highway, but it was only after we had covered several kilometers that we realized that the little groups of people who thronged every intersection were calling out to us, "Allez, allez, Mesdemoisellesl Vous êtes les premières...