Word: trusts
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Dates: during 1960-1969
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...Untouchables. In its 21-story Houston headquarters, the Prudential Insurance Co. of America has reduced losses to almost nil by providing a locker with a key for every employee. But that smacks a bit of the gymnasium. Manhattan's Bankers Trust Building has four closed-circuit TV cameras scanning entrances and exits, and the new Pan Am building will soon have 15. Security measures elsewhere include everything from platoons of uniformed guards and plainclothes detectives to hidden still cameras, electric-eye alarm systems, fluorescent dusting powder (guilty fingers glow under fluorescent lamps after dipping into petty cash), identification passes...
...third and last installment of its report, the SEC charged that many such unsophisticated investors are in poor company when they put their trust in certain mutual funds. The SEC's 65 special investigators documented what the industry's leaders have known and tolerated for a long time: fund buyers are often overcharged, fund salesmen are usually undertrained, and fund executives sometimes exploit their inside information for personal profit...
There is no argument over the merits of the museum's collection. It grew out of a trust set up by Philanthropist Peter Cooper and approved by the New York State legislature in 1859 for an institution that would not only advance "science, art, philosophy, and letters," but would also form various collections, including "artistic models, books, drawings, pictures and statues." In time, the decorative arts collection grew to 80,000 items, ranging from a 2,300-year-old mitten from China to the world's best collection of medieval fabrics. It has Persian calligraphy, English silver, tapestries...
...afraid of show-his weaknesses. I believe ... in the spiritual strength of our people and I therefore regard it as my duty to speak openly about whatever I think is wrong. This precisely is my way of expressing my love for the people and my unlimited trust in them...
...polished Bostonian who came out of investigations into the stock market crash with a clean slate (unlike his brother Richard, former president of the Stock Exchange, who was convicted of embezzlement), after World War II started Morgan on diversification that led to its 1959 merger with Guaranty Trust; of a pulmonary emphysema (see MEDICINE); in Manhattan...