Word: rit
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Dates: during 1980-1989
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...disagreement was largely a matter of style. Discreet and conservative in its ways, the Rothschild bank is the epitome of bowler hat British banking. The Rothschild trust, known as RIT for short, is something of a swinger in world financial circles. Under Jacob's management, its assets have increased astronomically, from $14.3 million to $239 million since 1970, through investments in art galleries and auction houses, among others...
Disapproving of his cousin's business ways, Evelyn two weeks ago resigned from the board of the Rothschild Investment Trust and invoked a ten-year-old agreement that would force RIT to drop the family's name. Says Evelyn: "I don't want to sound staid and toffee nosed, but in the banking business, a name is terribly important...