Word: tnec
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...cracked out the home run of the week for his side, the old-line investment bankers. The pitch that onetime Catcher Stanley (Yale '08) leaned on went sizzling over the head of onetime Third Baseman Leon Henderson (Swarthmore '20), SECommissioner and most articulate anti-banker member of TNEC...
...Pete Nehemkis tried (unsuccessfully) to get Mr. Stanley to admit that his firm, managing underwriter for A. T. & T., had parceled out its financing ($580,000,000 since 1935) to a select and fixed group, SEC's quizzer carefully avoided reference to competitive bidding. A question by TNEC Chairman O'Mahoney gave Harold Stanley the opening he was waiting for. With the air of a man starting a lecture, Mr. Stanley sounded off: ". . . The question of competitive bidding is a subject which I would like to go into and talk about at length...
...went the big, capable hand of Leon Henderson. Competitive bidding, said he, would be discussed later. Harold Stanley persisted, for well he knew that when TNEC gets into competitive bidding, such insurgents as Cyrus Eaton and Alleghany Corp.'s unruly Bob Young may get the first say, put Morgan Stanley & Co. on the defensive with tail-end statements in news stories...
Highlights of his TNEC presentation (which earned him a fan letter from John Maynard Keynes) were his demonstrations that...
...TNEC Examiner Peter R. Nehemkis Jr.: Dr. Hansen ... I take it that you meant by "capital stock" physical plant-something you can kick with your feet...