Word: samuel
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Dates: during 1960-1969
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...housewife. After all, Freeman notes, she insists on buying such processed meals as TV dinners, when the same ingredients would cost her one-third as much if she were willing to cook for herself. The housewife tends to castigate the retail groceryman. Says New York City Markets Commissioner Samuel J. Kearing Jr.: "When the housewife finds that she has to pay 2? more for bread, her immediate reaction is that the store owner must be making more. That's unfair." Grocers agree: they in their turn point a finger at the so-called middlemen-the wholesalers, packagers and transportation...
Half the Ark. Lord Sherfield has a reputation for smoothing out arguments, whether between nations, companies, or factions within companies. That talent is exactly what Hill, Samuel seems to need. Despite its size and profitability, the company has been split by internal dissension. The trouble began almost as soon as Hill, Samuel was formed 16 months ago by the merger of two distinguished but disparate banking firms: blueblood M. Samuel & Co., and new-blood Philip Hill, Higginson, Erlangers...
...house of Samuel traced its wealth and station back to Viscount Bearsted's grandfather, the first Lord Bearsted, who founded the British half of Royal Dutch Shell. A conservative partnership, Samuel relied heavily on its money to make money, stuck to gilt-edged investments. Philip Hill, whose directors held their salaried jobs by right of talent alone, was brash, inventive and daring. With Philip Hill's top man, a rugged ex-lieutenant colonel of the Welsh Guards named Kenneth Alexander Keith, 49, as deputy chairman and chief executive of the com bine, the Hill team pushed ahead with...
...regret to say that peace in any business is not news," said Keith last week, "and a bloody good row is." For a time in the row at Hill, Samuel, it even seemed possible that the hard-driving Keith might lose command. With Sherfield's appointment, Keith keeps his chief-executive title but loses some range. "He'll look after the outside of the ark," said Keith, "and I'll look after the inside." Bearsted, having found a neutral and popular successor, keeps a seat on the board...
Despite its trouble, Hill, Samuel is busy with plans to become British banking's undisputed leader. For that, amid the country's current economic austerity, the firm will need all of Sherfield's polish as well as Keith's thrust...