Word: streeters
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...headline in Britain's trade weekly World's Press News. Beneath it was a scandal-scented story: the press was paying members of the House of Commons for parliamentary and party "leaks." The accusation came from fat, florid Garry Allighan, a Labor M.P. and ex-Fleet Streeter. Some M.P.s, Allighan charged, got cash, some got publicity, some were merely "lubricated into loquacity" around the House...
Many stockholders immediately let out a bellow against Bell. Loudest came from Wall Streeter Jackson Martindell, whose company, Fiduciary Management, Inc., owns or controls 14,300 Bell shares. So Bell dropped the stock option plan. With Edward R. Stettinius Jr., Martindell set up a committee to oust seven of Bell's board, charging Bell was not entitled to the benefits...
...Wall Streeter William H. Haskell, who was put out of his job by the scandalized New York Stock Exchange for publicly declaring that he was "in the gambling business" (TIME, Jan. 20), was back in the business this week. Without explaining itself, the Exchange quietly reinstated him as a customers' broker, effective a month to the day after he had been fired by E. F. Hutton & Co. When it fired him, Hutton paid Haskell a month's salary. Haskell had had a lot of deserved embarrassment-and a month's vacation...
Every Wall Streeter thought he knew the answer. The answer was personal; a shrewd, scrappy little man named Robert Ralph Young, board chairman of the Alleghany Corp. In the short space of a few years, Bob Young had become the most-talked-about railroadman in the U.S. Consequently, people took stock-quite literally-in what he intended to do. He had already put together a railroad kingdom out of the roads which Alleghany Corp. controlled: the Chesapeake & Ohio, the Nickel Plate, the Pere Marquette and its stock interests (in ten other roads). Now he was after an empire...
...Vanishing Man. The friendly conference, in Baruch's Manhattan office, lasted three hours. On one side were Wallace and his adviser, alert Philip Hauser of the Census Bureau. On the other: Baruch and his associates, ex-Editorialist Herbert Bayard Swope, Banker John Hancock, Wall Streeter Ferd Eberstadt. Wai. lace, it developed, had based his criticism largely on the advice of a friend of his in UNRRA, who was now abroad. Baruch showed him, point by point, where he was wrong. The upshot of the conference: Hauser and Swope would draft a retraction for Wallace to sign...