Word: stockely
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Dates: during 1970-1979
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Eugene Riback, the owner of Harlem's Simon Furniture Co., took stock of his wrecked four-story store, behind the protective armor of private guards toting pistols and leashing attack dogs. Two brazen thieves ran in, grabbed a washing machine and headed to the street. One of the guards pointed his gun at a looter's head, three feet away. The intruder snarled: "You either kill me or I go out the door with the washer." He kept going, and the security man sheathed...
Carter's request, promised the President and the Senate that he would divest himself of his shares in the bank before Dec. 31. (Treasury Secretary Michael Blumenthal made a similar pledge to divest himself of Bendix Corp. stock...
...steep decline was that National Bank of Georgia officers decided earlier this month to write off $2.3 million in loan losses for the first half of 1977. Another was the prospect of Lance's promised divestiture. Since his shares amount to roughly 16% of the bank's stock, the anticipated sale has had an understandably dampening effect on the market value...
Making Do. The stock squeeze is not the only drain on Lance's resources. The genial Georgian, who made $450,000 the year before joining Carter's Administration but now must make do with his $57,500 Government salary (plus at least $150,000 in investment-related income), pays rent of $15,000 a year for a handsome town house in Georgetown. He owns an elegant 40-room mansion in Atlanta, a $100,000 house in Calhoun, Ga., and a vacation home on Georgia's exclusive Sea Island. Nor does Lance stint on entertaining. In June, with...
...deadline on the sale of Lance's stock has been weighing more and more heavily on him. As news coverage of Lance's troubles increased, the President showed signs of growing concern. He asked Atlanta Attorney Charles Kirbo. 60, his longtime confidant, to fly to Washington, for example, and Carter does not call on Kirbo for advice on routine matters...