Word: telexing
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...Citibank: "A lot of borrowers think they've got a bank here run by people who ride camels. But the Saudis are tough and sophisticated. The foreign advisers may do the studies, but the Saudis make the decisions." One sign of tight Saudi control at SAMA: no telex can be wired from headquarters without a Saudi signature...
DIED. Roger Wheeler, 55, multimillionaire entrepreneur in oil, minerals, real estate and sporting ventures, also chairman and largest stockholder of the Telex Corp., a Tulsa-based computer and electronics firm with 1980 revenues of $186.5 million; of a gunshot to the head, fired at point-blank range by an unknown assailant, as he got into his car after a regular weekly golf game; in Tulsa. The owner of World Jai Alai in Miami and former owner of Hartford (Conn.) Jai Alai, Wheeler had testified publicly about alleged underworld involvement in the sport...
...workers, sang the company song, which begins: "A bright heart overflowing with life linked together, Matsushita Electric." This is an honored tradition in many corporations throughout Japan. Saito's job is to help TV distributors understand the technical details of Matsushita products. He first answered a stack of telex messages, most of them from the U.S., where the firm's products are sold under the brand names Panasonic, Technics and Quasar. Nearly all replies were cabled in English, even when addressed to a fellow Japanese. Explained Saito: "We would not want to give our American colleagues the impression...
...internal auditing staffs but to check and double-check the propriety of even the most inconsequential payments. Example: in Xerox's Cairo office, local staffers had to get permission from a senior corporate officer in the U.S. before they could pay $8 a month in tips to Egyptian telex and telephone repairmen...
...conference room on the third floor of the Treasury Building. For the next nine hours they negotiated over the method for transferring the assets to Iran, while consuming gallons of coffee along with chicken salad and roast beef sandwiches from the Capitol Hill Deli. Meanwhile, telephone and telex lines were kept open round the world. Explained one banker: "All this had to be communicated periodically by telex to the Iranians to make sure that it was O.K. We conveyed each document as we concluded it." Government officials participated very little in the discussions. "There was no exchange between the Government...