Word: stockings
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Dates: during 1980-1989
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...know it is going to be a bad day, the old story goes, when you get to the office and Mike Wallace is waiting for you. Maybe not. Three North Texas State University finance professors decided to test that hypothesis. They tracked the stock prices of 13 companies that were featured on the CBS show 60 Minutes during the past five years. Their initial assumption, says Associate Professor Wallace Davidson, was "that if Mike Wallace rakes you over the coals, your stock would go down...
Instead, the shares of the 13 companies did 12% better, on average, than the rest of the stock market for 15 days after the show aired, even though only one of the firms had been portrayed favorably. "I can only assume the old adage is true," chuckles 60 Minutes Producer Don Hewitt. "It doesn't matter what you print about me, so long as you spell my name right...
...company's rapid growth. Until the Saatchis came along, London's stuffy financial community shunned advertising agencies as unreliable investments. The brothers changed all that by posting an unbroken pattern of 50% annual growth after they went public in 1975. Last week the company announced a $600 million stock sale, the third largest in British history. With all that spending money, the snowballing Saatchi & Saatchi will undoubtedly be growing even faster...
...university divested from South Africa-related stock over a year ago. Earle said that the Board of Regents was very receptive to that movement...
...University of Michigan, which has divested of all South Africa-related stock, last week refused to grant an honorary degree to imprisoned South African activist Nelson Mandela because university by-laws stipulate that recipients must accept the award in person, The Michigan Daily reported...