Word: tellers
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...adopted the concept of independent business units, which operate as separate organizations. Now eleven in number, the IBUs each have their own mini-board of directors and can decide on their own manufacturing and marketing strategy, usually without asking for approval from headquarters. One unit is developing automatic teller machines for banks; another is building industrial robots. IBM's best-known IBU produced the company's Personal Computer. A dozen executives led by Philip D. Estridge, 47, set up headquarters in Boca Raton, Fla., in 1980 with a blank check and a mandate to get IBM into the personal-computer...
...worry about paying each of the bank's depositors up to $100,000 if the bank should fall, and sending shivers through a banking industry already experiencing the highest number of individual failures since the Great Depression. All of this attention accelerated the spiral as depositors panicked flocking to teller windows to withdraw accounts totaling millions of dollars...
...strange that some people find fault with the increasing use of automatic-teller machines. I find them as warm as some of the tellers, more accessible and usually more efficient...
Livermore calculations buttress Teller's theories. In one computer simulation of a detonation of a single-megaton explosion, Physicist Joyce Penner, who heads the laboratory's study of nuclear smoke, found that a column did indeed rise six miles into the sky, but that half the smoke dropped quickly into the troposphere. The 50% that remained aloft, Penner estimated, contained nearly three times the condensation needed to produce rain. This finding suggested that even smoke in the stratosphere, beyond the reaches of normal weather patterns, would create its own storm and fall back to earth...
...bank customers are grousing about high fees, impersonal service or long teller lines. Wealthy depositors seldom experience any of those indignities. For them, banking has become more convenient and financially rewarding than ever before. At the Manufacturers Hanover headquarters at 270 Park Avenue in New York City, customers with a net worth of more than $ 1 million carry out their transactions in an inner sanctum with dark paneled walls and deep-green carpeting. At least two officers familiar with the individual's finances are on hand so that the customer can borrow $500,000 for, say, a vacation home...