Word: retail
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Dates: during 1980-1989
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...billion), saved his bank from the Southwest's energy-lending disaster by holding firmly to a highly cautious lending policy: all major loans require unanimous approval from a committee of 14 senior bank officials. BankAmerica, whose profits have been pummeled in the past three years, formed a Retail Action Team, dubbed RAT, to cut back the company's overgrown branch system. The bank plans to close at least 121 of its 1,071 branch offices this year, despite angry complaints from customers...
Marketing experts divide preferred customers into several layers. Upscale depositors with accounts of $25,000 or more receive far better banking services than the majority of retail customers. New York's Citibank provides them with money-management accounts, faster waiting lines and more personal attention. The best treatment, however, is reserved for the truly wealthy, the top 1% of customers who receive so-called private banking. At this level, officers will provide almost any financial service imaginable, from stock brokerage to letters of introduction for a foreign business deal. The moneyed customers of Manhattan's U.S. Trust, which...
Ross company is just one of countless businesses in a wide range of industries all over the United States who call themselves Harvard From New York to Los Angeles, Boston to Houston, phone books bulge with cleaners, car washes, retail stores, even restaurants which have--one way or another ended up with the same name as one of the most famous universities in the world...
...described "serious Catholic," was sympathetic. Said he: "Our society has an obligation to the underprivileged, and the degree to which we haven't made progress in raising their living standards is enormously troubling." Observed Joseph Pichler, a Catholic who is president of Dillon Cos., a major grocery and retail store operator: "There's much to agree on in the document, particularly when they speak of the dignity of man and the dignity of work. But their policy recommendations, I predict, are going to be widely ignored. They're bad economics...
...also had troubles with the rumor mills. The company was badly stung last year when its new PCjr could not live up to expectations. Computer Retail News, a trade tabloid, now reports that a new version of IBM's popular PC may be released within the next month...