Word: swearingen
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...Swearingen, 66, who retired last September as chairman of Standard Oil of Indiana. His partner in running Continental will be William S. Ogden, 56, a former vice chairman of Chase Manhattan...
...Swearingen was chosen for his high profile in Chicago civic affairs and his tough management style; Ogden was selected for his expertise in international lending. Said Swearingen last week: "It is impossible to overestimate the importance of Continental to the country and to Chicago...
Owning a piece of so many phone firms could perplex the savviest investor. "A lot of people can't even pronounce the names of the new companies," observes Neal Swearingen, a vice president at E.F. Hutton. Shareholders will have eight annual reports to read and eight 1099 tax forms to file. Even worse, selling stock in the operating companies will be expensive because brokers charge a premium for transactions under 100 shares...
...Swearingen is mindful of his educational advantages as the son of a state superintendent of schools. We have the Amoco chairman's own word that Swearingen is sympathetic to the poor. When asked by New York magazine in 1977 about the effect of high gasoline prices on lower income families, Swearingen replied, "I'm sympathetic to poor people, but for heaven's sake, let's not ruin our future to take care of a relatively few people....What is a man on relief doing owning an automobile? Let's not let our sympathies run away with...
...John E. Swearingen plays her leisure class part to the hilt, explaining that it is proper for the women at the inaugural to dress ostentatiously because they "have husbands who have worked hard for what they have." Her husband revealed his own view of women's achievements when he confided to Women's Wear Daily. "In a man, I value sincerity and achievement. In a woman, it's sincerity and understanding...