Word: stocked
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Last week it did: an exchange of stock with a per-share value of $35 for each of 5,500,000 Sheraton shares outstanding. Making the $193 million bid was Harold S. Geneen (TIME cover, Sept. 8), chairman-president of the vast conglomerate International Telephone & Telegraph Corp. Sheraton and its 129 U.S. hotels and motels, together with 25 overseas, should fit nicely into ITT's "consumer services" group, which already includes Avis, Airport Parking Co. and 16 Holiday Inn franchises. For the time being, at least, Geneen will let Henderson and Boonisar run his 45th acquisition...
...become a phenomenon in the clubby world of investment banking that is dominated by venerable firms led by partners who are often well into their 70s. The average age of Rosenthal's six top executives is 31, and the firm's floor trader at the New York Stock Exchange is a mere...
...manage the sale of $2 billion worth of securities a year, Rosenthal's operation is still small. It took him almost a year to line up his first customer, and two more after that to find the third. Since 1965, when he brought out a $3,200,000 stock issue as head of a syndicate of 20 dealers, the pace has quickened. Altogether, Rosenthal has underwritten $20.6 million worth of new corporate stock and bond issues and by year's end expects to add another $18.7 million to that total...
This week the company spread out into the fastest growing segment of the investment field by filing for Securities and Exchange Commission registration of a $5,000,000 open-end mutual fund, the L. M. Rosenthal Fund. Having bought seats on the American and Boston stock exchanges as well as on the Big Board earlier this year, the company has also moved into stock trading, research and investment advice for large (accounts over $100,000) clients. In the over-the-counter market, it regularly deals in the shares of some 400 companies...
...Tricks. Brooklyn-reared Rosenthal showed his talent for making money soon after he graduated from the University of Pennsylvania's Wharton School of Business ('56) and landed a $4,000-a-year job at the prestigious investment-banking house of Lehman Bros. In four years of shrewd stock trading ("I used every trick"), he managed to turn his own $2,500 nest egg into nearly $1,000,000. Then he launched out as an underwriter...