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Word: roethenmund (lookup in dictionary) (lookup stats)
Dates: during 1978-1978
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Usage:

...bought by stay-at-homes too. Deak reports that its sales of foreign-currency traveler's checks have doubled in the past year and estimates that 25% of the purchases are pure speculation. Nor is it only a poor man's game. Executive Vice President Otto E. Roethenmund recalls one customer who bought between $50,000 and $100,000 worth of Swiss franc checks early in the summer - candidly telling the staff that he had no intention of going to Switzerland. Says Roethenmund: "To my knowledge the gentleman still owns them, so he has an appreciation...

Author: /time Magazine | Title: Business: Easy Speculation | 10/23/1978 | See Source »

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