Word: saxonizes
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...actual radio sales pitch, broadcast for two years in California and for a few weeks in New York, was a shade more sophisticated than that. But, in essence, that was the offer of Los Angeles Gold and Silver Dealer Alan David Saxon. Would anyone grab at such a flimsy deal? Some 35,000 investors, dazzled by the lure of precious metals as a hedge against renewed inflation, apparently did. Last week they were regretting...
...What am I going to do?" asked a distraught Manhattan banker who, at 25, had invested $25,000 of his parents' savings with Saxon. He was seeking advice from the office of New York State Attorney General Robert Abrams. A New Jersey caller reported buying $250,000 worth of gold from Saxon. Declared one weary investigator: "Many of these people even sound well educated and experienced...
...close associate called the statement typical of Peterson, and attributed it to the temperament he had inherited from his Greek immigrant parents, whose surname was originally Petropoulos. Said the friend: "Everything Peterson said came from the heart. The key to the man is his Greek origin. No Anglo-Saxon could ever have made such an emotional and candid statement...
...deficit was topped by the $90.8 million 1982 loss reported last week by Saxon Oil of Dallas, which owns large reserves of natural gas. The problems of that industry were further spotlighted by Columbia Gas System, a major pipeline operator, which said it would buy only about half of the gas that it had contracted for. Other big pipelines indicated that they also were cutting back. Falling oil prices have made industrial boiler fuel frequently cheaper than gas, which is propped up by regulations and long-term contracts...
When he replaces David S. Saxon, who is leaving California to become chairman of the governing board at the Massachusetts Institute of Technology, Gardner will face some pressing problems: a 2% cut of $23 million in state aid this year, to $1.13 billion; lagging faculty salaries (16.5% below the average at such other prestigious institutions as Harvard and Michigan); the need to find $4 billion during the next decade to modernize the university's science and technology departments. Gardner will also have to handle pressure to increase the proportion of women on the faculty (currently 11.6%) and minorities...