Word: trustingly
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State officials could take even tougher action if they decided to suspend Hutton's brokerage licenses. Connecticut has begun hearings on such a move. Hutton now manages $100 million in assets for 13,000 clients in that state. Hutton, declares Brian Woolf, the Connecticut banking commissioner, accepted a public trust but then "betrayed...
...hurting. Said James Hanbury, who monitors financial-services companies for the investment firm Wertheim & Co.: "Hutton's sales force is nearly demoralized, and its customers are starting to hold back. Even after it's over, Hutton will still wear the stigma. And in this business, which is regulated by trust, a company's reputation means a lot. " --By Barbara Rudolph. Reported by Anne Constable/Washington and Thomas McCarroll/New York City
...Carter’s leadership experiences in the public, private, and military sectors make him a good fit for the challenging job. Carter, a graduate of West Point Military Academy, served in the Marine Corps for 14 years. He was also chairman and CEO of State Street Bank and Trust Company for nine years. Following the terrorist attacks of Sept. 11, he headed a special task force to review security concerns at Boston’s Logan Airport for the State of Massachusetts...
Walsh’s trust isn’t unfounded. A mere two days ago, when he plucked Haviland from the bullpen and thrust him onto the mound with Holy Cross knocking on the door in the ninth inning of a then-scoreless tie, his freshman delivered, picking the lead runner off at second base, then inducing an inning-ending pop fly, before retiring the side the next inning on five pitches...
...positions to other investors, and it would set a dangerous precedent. The HMC cannot feasibly operate with student oversight. Continued divestment proponents should be content with CCSR’s new spirit of scrutiny—as evidenced by its decision to recommend divestment from PetroChina—and trust the Corporation, and the HMC, to police themselves. Lines have to be drawn. Ultimately, the benefits of ridding Harvard of a few more million dollars of questionable stock pale in comparison to the importance of the health of Harvard’s investments. Harvard has set a strong precedent...