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Harvard will be paying out interest of about seven percent, while it can then reinvest that money in Treasury bonds earning 12 percent, explained Sherwood Bain, senior vice-president of the Boston investment banking firm, Burgess and Leith...

Author: By Michael J. Abramowitz, | Title: Betting on Bonds | 12/11/1982 | See Source »

...selling transportation." It is, and they're not, thanks largely to Sherwood, 49, a big blue-eyed Kentuckian who heads London-based Sea Containers Group. It is this profitable containerized shipping company (1981 earnings: $35.4 million) that owns and operates the new venture, having acquired and refurbished 35 old Orient Express cars over five years at a cost of $20 million. To emphasize the special nature of the inaugural run last spring, for example, passengers were encouraged to wear '20s finery, and many did so. On current trips, passengers often don evening clothes for dinner, and the champagne...

Author: /time Magazine | Title: Living: The Once and Future Train | 8/30/1982 | See Source »

...precisely 5:44 p.m. All the food loaded on at Boulogne is French, save for the croissants, which are delivered hot at dawn in Lausanne, Switzerland, and are sadly soggy. The chef on board is Michel Ranvier, a graduate of the renowned Paris restaurant Jamin; he was approved by Sherwood, who is the author of an excellent gourmet guide to London. The train's general manager is Claude Ginella, formerly with the Savoy in Rome and the Meurice in Paris...

Author: /time Magazine | Title: Living: The Once and Future Train | 8/30/1982 | See Source »

...effect, the curator for this romantic restoration was Shirley A.M. Sherwood, wife of the shipping tycoon and an Oxford-educated research biochemist. "Every coach had a different story," she says, and a plaque in each car traces its provenance. The most exquisite of all is a dining car with eight frosted-glass panels handcrafted in the style of famed 19th century French jeweler Rene Lalique. The sleeping compartments, nine to twelve to a car, are marvels of compact beauty, with comfortable bench seats that convert into upper and lower berths, mahogany drop tables, and inlaid doors enclosing an ornate washbasin...

Author: /time Magazine | Title: Living: The Once and Future Train | 8/30/1982 | See Source »

...train once went to Istanbul, but there is no longer enough demand for that service. As it is, the v.s.O.E. is booked solidly through October, and the company has laid on a third weekly trip from London to Venice. On Sept. 1, according to Sherwood, the Orient Express will be in the black. If occupancy continues at the present rate of 80%, he expects the company's investment to be repaid within four years. In its first month or so, Sherwood concedes, he received "a lot of complaints." They ranged from U.S. tourists' grumbling about the sweetbreads...

Author: /time Magazine | Title: Living: The Once and Future Train | 8/30/1982 | See Source »

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