Word: wall
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Dates: during 1960-1969
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...mean to say that you don't know any radicals, for I'm sure some of your best friends are radicals. Furthermore, anything you accuse a radical of saying has probably been said by someone calling himself a radical: "Drugs are revolutionary," or "Up against the wall, motherfucker," or "American capitalism is now essentially like European capitalism in the middle of the 19th century." And sometimes such views come to dominate a particular scene to the extent that they actually express, for the moment, the viewpoint of a significant group of radicals. And this may be a necessary stage...
...None of Wall Street's brash young managers of "gogo" mutual funds have gone farther faster than 36-year-old Frederick S. Mates. His $32 million Mates Investment Fund has risen 153% in per-share asset value since the beginning of 1968, the highest growth rate of any fund. A onetime English teacher who learned how money talks in 13 years as a highly successful market analyst and big-account broker, Mates is truly the personification of self-confidence. On one wall of his office, he keeps a framed parody of an old Wall Street slogan: "Invest, Then Investigate...
Just as the Nixon Administration will draw heavily from private business to fill important public jobs, so U.S. business is busily recruiting key members of the outgoing Johnson Administration. Because they pay some of the highest salaries of all, with $100,000-plus fairly common, Wall Street's investment banking houses are in a very strong position to pick off Washington's brightest talent. Last week one firm signed up three high-ranking Government officials as general partners. Manhattan's Lazard Freres & Co. recruited Commerce Secretary C. R. Smith, Under Secretary of the Treasury Frederick L. Deming...
...also guides two other loosely linked Lazard banking houses in London and Paris. A onetime Paris stockbroker who became one of Lazard's most influential partners, Meyer fled to New York when Hitler invaded France in 1940. In the years since, he has helped negotiate some of Wall Street's biggest deals, including the 1966 McDonnell-Douglas merger, for which his firm's fee was $1,000,000. Besides serving as investment banker to such companies as ITT and Owens-Illinois, he is a director of RCA and Allied Chemical in the U.S., Fiat and Montecatini Edison...
...imported as "watchmen." As late as the 1930s, Pinkertons were finding congenial work playing labor spies on behalf of management. For today's Pinkerton heirs, however, the intoxicating old self-righteousness is gone. Robert II, the fourth generation of detective Pinkertons, who would have preferred to remain a Wall Street broker, is now chairman of the board. Seventy branch offices are tamely staffed with 13,000 full-time employees-and college degrees are "preferred." Pinkertons patrol race tracks with miniature cameras and walkie-talkies, and protect the clam-and oyster-seed beds of Long Island with a radar-equipped...