Word: trusts
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Dates: during 1960-1969
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...alive today if he had acted with the decision, courage and integrity that a leader is supposed to have, instead of with the opposite on every count. The Senate, officially unshocked by a shocking occurrence, has just knocked one more prop out of the taxpayer's already shaky trust in his government...
...schedule a bit, but he had been inching in the direction of 1972 since the finale of last year's campaign. As Hubert Humphrey's running mate, he emerged from that fractious year with a deserved reputation for aplomb, conviction and the ability to win voters' trust. There was no doubt that Muskie had strengthened the Democratic slate...
More and more people have stopped trying to figure out today's erratic securities markets and have turned their investments over to professional managers of money. No institution manages more "O.P.M.," or Other People's Money, than Manhattan's 116-year-old United States Trust Co., one of whose few advertising themes is "Planned silence is essential to a trust company's character." Evidently, silence is also golden. A recent study by the House Banking and Currency Committee reveals that U.S. Trust, which is really a commercial bank, directs the destinies of $11 billion in personal...
...many years, U.S. Trust had a staid image because its investments rose less rapidly than those of small mutual funds, whose young managers hopped from fad to fad, making quick gains on chicken franchises or computer-leasing companies. These smaller investment funds, which rose rapidly in the highly speculative markets of 1967 and 1968, have fallen sharply in the recent market slide. This year, U.S. Trust has done much better than most of the newer, smaller investment institutions. It has-as it usually does-outperformed the market averages by about...
Golfing Decision. U.S. Trust's basic investment policies are set by a three-man leadership: Chairman Hoyt Ammidon, Vice Chairman Berkeley Johnson and President Charles Buck. The decision as to whether or not to invest is based about 20% on a company's product and ability to market it, and 80% on the bankers' personal assessment of the company's president and top management. Vice Chairman Johnson believes that "you can learn quite a bit about the ethics and personality of the man you are dealing with by playing golf or going shooting with...