Word: whitney
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...TIME he died last week, Richard Whitney '11 had almost passed out of the folklore of American capitalism. As we look ahead to the worst financial crisis the United States has faced since the thirties, Whitney's ironic career as the symbol of the best and the worst in American capitalism is worth remembering...
Descended from immigrants who arrived on The Arabella (the ship that followed The Mayflower). Whitney was the younger son of the president of a large Boston bank. He attended Groton, where he was the captain of the baseball and football teams, and Harvard, where he was a member of the Porcellian Club. At the age of 23, he bought himself a seat on the New York Stock Exchange and began a rapid rise to prominence on the Street as the bond dealer for the firm of J.P. Morgan...
...Whitney was the responsible executive of the Exchange when the Market crashed in September 1929, and he quickly took the role of the Exchange's chief public spokesman. It was Whitney who walked out onto the Exchange floor the morning after Black Thursday and placed the most famous order in Exchange history, "205 for Steel," a half-hearted attempt by the big banks to put a floor under the Market. It was Whitney who, in the years after the Crash, bore the chief brunt of the Congressional investigations into stock market practices. As he grew more and more ultraconservative...
...counterpoint, Manhattan's Whitney Museum has mounted a lavish historical show entitled "Photography in America...
...serious warning about Whitney's: It is a male dominated institution and women who venture there are liable to suffer some mild verbal abuse from the patrons. When the revolution comes--sources expect it within the next five years--Whitney's will be a decent place...