Word: witters
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Dates: during 1980-1989
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...providing banking services for Merrill Lynch's Cash Management Account, which allows customers to write checks or use a Visa card against a money market account. Begun in 1977, the CMA has escalated into a $25 billion business with nearly 400,000 accounts. Other brokerage houses, including Dean Witter Reynolds, A.G. Edwards and Charles Schwab, are now preparing to offer clones of the CMA, and they have asked Banc One to act as their banker...
...Dean Witter Reynolds, a leading Wall Street brokerage house, has already raised more than $165 million from investors for Public Storage Inc. of Pasadena, Calif., the nation's largest miniwarehouse chain. Public Storage operates 165 separate warehouses, located mostly in the Sunbelt. Shearson Loeb Rhoades is helping to finance the growth of rival Colonial Storage Group of Odessa, Texas, which was founded in 1969 and now has 81 facilities in operation. Meanwhile, Merrill Lynch has also entered the field, with a $15 million miniwarehouse investment program for pension funds...
...bullish brokerage house has succeeded. From Bellingham, Wash., to Bradenton, Fla., 75% of all Americans live within 25 miles of one of Merrill Lynch's 476 offices. As a result, the company is bigger than its three closest publicly held competitors-Shearson Loeb Rhoades, E.F. Hutton and Dean Witter Reynolds-put together...
...maker founded by his father in 1928; of a heart attack; in Richmond. A grandnephew of the founder of the Reynolds tobacco colossus, Reynolds liked to say that "profits are to business what breathing is to life." He helped launch a Wall Street brokerage firm (now part of Dean Witter Reynolds Inc.) before moving to the aluminum company, which is still about 12% owned by the Reynolds family...
...said of Oscar Williams' poems that they appeared to have been "written on a typewriter by a typewriter." He complained of Kenneth Patchen's heavyhandedness by saying, "When Mr. Patchen hints, the pigs run in from miles around." He described the neo-Victorian poets Leonard Bacon and Witter Bynner as "traditional in the sense that an index is traditional; they are the remains of something necessary under no longer existing conditions...