Word: stockely
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Dates: during 1970-1979
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Lance's freedom to maneuver is limited. Because he has already used most of his holdings as collateral for loans, he has relatively little remaining that he can borrow against. In January Lance reported he had $7.9 million in assets, including a stock portfolio of $5.6 million and $1.3 million in real estate. His total liabilities-composed mainly of bank loans-came to $5.3 million, leaving his reported net worth as $2.6 million. That figure has diminished, although by just how much has become one of Washington's favorite guessing games...
Harvard owns $600,000 worth of stock in Manufacturers Hanover, and the same amount in Morgan Guaranty...
Harvard owns $11 million Union Carbide stock, $11 million in AMAX stock, and $1 million in Superior Oil stock...
...grown at an annual rate of as little as .7%, but twice it has topped 18%. Despite the stop-go gyrations, the monthly rate has averaged almost 10%. For a while the rise seemed to be moderating in August, but in the last week of that month the money stock ballooned by $3 billion, jolting many analysts. Then in the week ending Sept. 7, money supply took a header, dropping by a dizzying $800 million...
...operations. There is talk of an eventual successor to Hef as chief. One candidate for the title: his daughter Christie, 24, who is now concentrating on new magazine development and presumably one day will wind up owning a big chunk of Hefner's 72% of Playboy stock, at present worth $48 million...