Word: trusts
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Dates: during 1970-1979
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...criticizing détente, Jackson faces the problem of what to substitute for the Administration's policy. The Nixon-Kissinger strategy is to take calculated risks with the hope of building a sense of trust and cooperation based on mutual interest between East and West. Jackson seems to have no patience for slow building and a more uncompromising definition of American interest. "If there is to be true détente," he says, "there must be a movement of people and ideas across international frontiers-not just cargo. When I see an arms control agreement that calls...
...former chairman of General Electric, put up $440,920; William H. Morton, president of American Express, $57,000; Donald Kendall, chairman of PepsiCo, an unknown amount; James R. Shepley, president of Time Inc., $68,500; Thomas S. Gates, who was once Defense Secretary and chairman of the Morgan Guaranty Trust...
...least some of Home-Stake's victims now admit embarrassedly that they should have known better. Hoyt Ammidon, chairman of U.S. Trust Co., concedes that the oil department of his own bank took a dim view of Home-Stake, but he disregarded its opinion and invested $114,000. A revised Home-Stake prospectus issued in 1971 should have raised red flags for businessmen, if they read it. Robert Metzger, president of Resource Programs, a firm that sells advice to investors in oil and gas, says that he and his colleagues used to "sit down and read the Home-Stake...
Lawyers for the Department of Justice argued that if Seattle-based National Bank of Commerce, the state's second largest, were allowed to buy Spokane's Washington Trust Bank, the ninth largest, the combination would stifle "potential competition" between the two. The Justice Department has long held that companies should not be allowed to buy into new geographical markets by acquiring big potential rivals, but should be forced to open their own branches in competition with firms already there. The court majority noted that state law would have made it difficult for the Seattle bank to open branches...
...Dean, Haldeman, John Ehrlichman and Richard Kleindienst, saw a few reporters in the White House press room. "We have had our differences in the past," he told them, "and I hope you give me hell every time you think I'm wrong. I hope I'm worthy of your trust...