Word: steined
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Dates: during 1960-1969
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...Fred Stein arrived on Wall Street in 1957. His assets: nine years in the merchant marine, two years in the Army, a high school equivalency diploma and a voracious appetite for reading. An Army buddy had introduced him to Gerald M. Loeb's Battle for Investment Survival, and Stein was hooked. He read every stock-market book that he could find, and landed a position as a $50-a-week clerk. Then he shifted from job to job in several Wall Street houses, always moving...
Last week Stein, now 41, became chief executive of a new investment service that will advise affluent clients about how to make their money multiply. It is a revised version of the 35-year-old Standard & Poor's investment service, one of the five biggest in the nation. Called Standard & Poor's/InterCapital, Inc., the firm starts out with $3 billion in funds that have been put up by 1,800 individual and institutional investors, each of which must have accounts of at least...
...Morrison, the 37-year-old president of Standard & Poor's-a company that specializes in financial reporting-decided that the best way to improve profits of the S. & P. counseling oper-'ation was to spin it off as a separate firm under bolder management. He turned to Stein, then a partner at Oppenheimer & Co. Stein had earned a reputation as an analyst by his spotting of Syntex, Control Data and semiconductor stocks. Last year he earned more than $1,000,000. At InterCapital, Stein has three friends. The No. 2 man, Arthur Zeikel, 36, moved from Dreyfus Corp...
Standard & Poor's retains a 40% interest in the firm. The remaining 60% is held by Stein and his associates, who signed personal checks for $1,800-000 in capital. In staffing Standard & Poor's/ InterCapital, Stein expects to emphasize youth, even to the point of hiring managers in their 20s. "Young men are more able to spot opportunities," says he. "They don't wear blinkers...
...Kirkland House and Dahlgren, Virginia; VicePresident, Thomas R. Johnston of Dunster House and Schenectady, New York, Treasurer, James W. Sullivan of Winthrop House and Bronxville, New York; Chairman of Freshman Orientation Committee, Joseph J. Thaler of Quincy House and Cedar Rapids, Iowa; Chairman of Schools Committee, Mark T. Stein of Leverett House and Nashville, Tenn.; Chairman of University Guides Committee, Bradley P. Ware, of Eliot House and Buffalo, New York; and Chairman of Athletic Committee, Kirkman K. Dolby of Eliot House...