Word: startingly
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Dates: during 1980-1989
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...Sloan School of Management, signing on after graduation with Citicorp's predecessor, First National City Bank. Within five years, Reed found himself head of the bank's notoriously disorganized back-office operations, which were plagued by backlogs of check-processing paperwork. Reed cleared up the mess by starting work before dawn, thereby making a good start at earning his "brat" moniker. Some fellow workers felt he was abrasive in whipping the unit into shape...
More than half of the 180 residents of Saragosa, a tiny farm town in West Texas, were in the community hall Friday night attending a graduation ceremony for preschool children enrolled in a Government Head Start program. About 8 p.m., some heard a whistling sound. "Someone yelled a tornado was coming, and parents started grabbing their kids from the stage," recalls Elodia Garcia, 26. A number shoved their children under tables and benches...
...start of last week Baker did. Though Reagan claims that Fahd offered his contra contribution voluntarily, Baker asserted that the President would have been within his rights to ask for the money outright. "I've been absolutely astonished to hear people say that it was illegal for . . . the President to solicit funds for the contras," the chief of staff declared on NBC's Meet the Press. The Boland amendment, he said, "never mentioned the President...
...Chairman Reed made his disclosure. The market quickly stabilized the next day, and Citicorp's stock rose to close the week at 55 3/ 8, up 4. Investors praised Citicorp's openness. Said an approving Lowell Bryan, a director of the Manhattan-based McKinsey consulting firm: "This is the start of realistic accounting...
...move as a prudent shoring up of its foundations. Said a top Argentine official: "It's the first sign that U.S. ^ banks are prepared to share the burden of the debt crisis." Other foreign moneymen welcomed Citicorp's action because it might mean that all U.S. banks will start treating Third World debt under the same terms as Japanese, West German and Swiss banks, which have already established substantial loss reserves. A "spectacular maneuver," said Michel Cahier, a commentator for La Tribune de l'Economie, a Paris financial daily. "American financial circles appear to be ready to stop fooling themselves...