Word: wall
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Dates: during 1960-1969
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During his early years in New York, Little Mac, who always pointed out that he was a Democrat in Wall Street, did big things for Amex. When he took over it was still the lowly Curb Exchange. McCormick changed its name to the more resounding American Stock Exchange and set out with notable success to sell more companies on listing their stock. In his decade as president, daily share volume grew from an average 450,000 to 1,900.000, and the value of a seat on the Little Board skipped from...
...over-the-counter stocks. It was all perfectly legal, but its propriety was dubious. And almost immediately, more sloppy administration at the Amex came to light: the policing of its members was slipshod and records of transactions were incomplete. Then, to the everlasting annoyance of the rest of Wall Street, the federal investigation of Amex was expanded to include the whole securities business...
...Couple of Things." Anxious to get the house in order, a group of younger Amex members tried to oust the McCormick administration. Their revolt was beaten back, but it spurred the exchange to appoint an investigating committee of Wall Street leaders to do what it could to clean things up before the SEC moved in with public disclosure. Turning its attention to McCormick, the investigating committee soon picked up what its tightlipped members described only as "a couple of things...
...since Ford Motor Co. stock first went on sale five years ago had Wall Street greeted a newcomer to the New York Stock Exchange with such enthusiasm. No sooner had the shares of giant Unilever, the world's second biggest* company outside the U.S., been posted on the Big Board than traders rushed in to make UN (the Exchange symbol for Unilever's Dutch shares) and UL (for Unilever's English shares) the first and second most active stocks on the market. For four days Unilever trading dominated the Street. At week's end, even after...
Despite their eagerness to get a piece of Unilever, even some of Wall Street's professionals had only an imperfect notion of what they were buying into. And to the ordinary investor Unilever presents an even hazier image. Few U.S. housewives realize that they are fattening Unilever's coffers when they bring home Lux, Lifebuoy. Handy Andy, Rinso or Surf soaps, Imperial or Good Luck margarines, Spry shortening, Pepsodent toothpaste, Lipton's tea and soups, or Wishbone salad dressing...