Word: semenenko
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Dates: during 1960-1969
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...Sore Need. Curtis' principal financial savior is a short, Russian-born, multilingual financier named Serge Semenenko, 60. Vice chairman of Boston's old and eminently respectable First National Bank, Semenenko has long enjoyed a reputation in banking circles for rescuing failing corporations with timely infusions of credit. Among his patients: the Hearst publishing empire, which he helped cure, in the early 1940s, of a disastrous indebtedness of nearly $150 million. In the fall of 1962, when Curtis' new president, Matthew J. Culligan, approached Semenenko, the venerable magazine-publishing house stood in sore need of Semenenko...
Despite Curtis' calamitous balance sheet, Banker Semenenko apparently disagreed with such prophecies. The company was making a sturdy effort to recover on its own; new management and editorial teams had swept in to change the face and direction of all five magazines. Culligan, a former advertising man, not only hustled new accounts but ordered stern cuts in Curtis' overhead. He chopped 2,300 names off the payroll, at an annual saving of $10.3 million. Curtis' papermaking subsidiary, New York and Pennsylvania Co., which had been charging the company $214 a ton, found ways to cut the price...
...Versailles Palace, and Anna Rosenberg. President Truman's Assistant Defense Secretary. At nearby Eze-sur-Mer, U.S.-born Prince Youka Troubetzkoy and his beautiful princess. Sparkplug Heiress Marcia Stranahan, had left their sumptuous Villa Mayou to attend a formal dinner dance given by Boston Financier Serge Semenenko aboard Sir Bernard Docker's yacht Shemara. In the warm Mediterranean darkness, the surf pounded restlessly against the rocky Riviera coast. and the Riviera's storied second-story men went silently to work...
...vest that could have been made by Youngstown Sheet & Tube, chatting with Mrs. Hugh ("Chic Rosie") Chisholm. Toots Shor made a ground swell on the dance floor. The usual duchesses were there (Argyll, Westminster), the usual film stars (Jimmy Stewart, Henry Fonda), the usual sporty financiers (Serge Semenenko, Huntington Hartford). The room where Humphrey Bogart once fought a woman over a toy panda was awash with unfiltered nostalgia, as everyone had a last fond sit on the zebra-stripe upholstery. Beaming throughout was John Perona, El Morocco's owner, and Journal-American Society Columnist "Cholly Knickerbocker" (Igor Cassini) pronounced...