Word: salesman
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Dates: during 1950-1959
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Quirk of Fate. Robinson joined M.I.T. in 1932, eight years after a stock salesman named Edward Leffler teamed up with Boston Broker Charles Learoyd to form the trust. Leffler thought that the ordinary investor usually bought the wrong stock, should have help in investing. At first the financial world laughed at him for his radical new ideas: the redemption feature of the fund and the disclosure of portfolio. He bowed out of M.I.T. six months later, and in came Boston Banker Merrill Griswold, an early buyer of M.I.T. shares who became M.I.T.'s first chairman...
...full-time and part-time mutual fund salesmen, ranging from schoolteachers to bartenders, are selling fund shares. Many of them know no more than their customers about the market, depend on a fast spiel and reams of charts to do their selling. Yet a good part-time salesman can make $10,000 or $15,000 a year in commissions, full-time salesmen up to $25,000. Says Miss Irma Bender, a top fund salesman for Cleveland's Joseph, Mellen & Miller: "I tell prospects that investing in funds is as easy as buying...
...older brother. Alfred Howard Fuller, 46, who was killed in a sports-car accident. Born in Hartford, Conn., home of Fuller Brush, Avard Fuller started out to be an aeronautical engineer, decided in 1937 to join his father's company. He has been a door-to-door brush salesman but is best known for innovations in brushmaking machinery. Stout, balding Avard Fuller is a yachtsman (48-ft. ocean racing yawl) and a sports...
...when it split its stock in 1952. In the following few months its list of stockholders increased by 34%, the next year by another 19%. Other companies, such as General Motors (which has had two splits since 1946), feel that every stockholder is a potential customer or an unpaid salesman and publicity man; therefore the price of the stock should be kept low enough to lure buyers...
...administrator 56 62 Writer, artist, musician 44 36 Minister 19 24 Officer -- Armed Forces 13 15 Government, administrator or diplomat 35 41 Lawyer 75 109 Business Executive 212 253 Contractor 12 7 Own Store 34 34 Business for self, not store 70 45 Insurance, Real Estate 20 14 Salesman (employee) 60 37 Skilled technician 30 20 Foreman, factory supervisor 18 13 Clerical Office worker 65 53 Laborer, factory hand 57 40 Public worker 10 10 Farmer 11 19 Housekeeper, Housewife 19 14 Unemployed 8 1 Retired 7 21 Miscellaneous 2 1 None listed 27 25 Total 1116 1128 Note shift...