Word: wall
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Dates: during 1960-1969
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...refinery and orange groves in Panama, then our man in Miami picked up Ludwig's trail, and last week Ludwig invested $100.5 million in Union Oil. Everywhere TIME asked, Ludwig was reported somewhere else. But by simultaneously interviewing business acquaintances and assistants and others in Wall Street, London, Washington, Miami and places west, we are able to tell more about one of the world's most powerful businessmen than anyone has since Ludwig gave a rare interview to FORTUNE back...
Comparing Khrushchev and Stalin, Harriman recalls that while Stalin often told him that Communism would triumph because of capitalism's failures, "15 years later in the same office, with the same pictures on the wall, Khrushchev says the Reds will win because of their own successes. The faith is not fluid, but the expression of it is." Moscow's present "peaceful" line cannot be considered irreversible. What is irreversible, Harriman thinks, is "the freedom from Stalin's kind of terror and the Russians' effort to build a better life for themselves...
...said that the SEC commissioners might find some "alternative solutions." SEC Chief William L. Gary and the four other commissioners already have the power to order most of the changes, but Gary, a tough and even-tempered former Columbia law professor, does not intend to take any action until Wall Streeters get a chance to speak their piece at public hearings...
...Immunity. Turning to the haven of the small investor, the SEC group charged that the odd-lot market is controlled by a "duopoly" of two Wall Street wholesalers, Carlisle & Jacquelin and DeCoppett & Doremus. In 1951, said the SEC, the two got together and fixed the extra charges that small investors have to pay above and beyond the regular commission for buying odd lots-1210 per share on stock priced up to $40 and 250 per share on costlier stock...
Just for good measure, I'll mention some more incidents. A couple of weeks ago, someone (we don't know who) shot at our office at 504 South Madison. The bullet went through the window on the front door and lodged in the back wall. One of our workers was in the office, but he wasn't hit. Joe Ann Christian, a 15-year old girl who has been arrested 13 times in demonstrations, was recently put through the following ordeals: she was dragged and picked up and dropped several times on the way to the police station, placed behind...