Word: witters
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Dates: during 1980-1989
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Take that, Dean Witter...
When Stockbroker Marina Verola, 29, agreed to pose for the March issue of Playboy both in and out of her pin-stripe suit, it was, she said, "to show that beauty and brains can go together." Her employer, the Dean Witter Reynolds office in Boca Raton, Fla., was apparently not convinced. According to Verola, she informed her employers of the modeling offer last July and was abruptly fired. Then, she claims, Dean Witter lured away her clients with unspecified "inferences and innuendoes." She and her husband Victor, 36, a broker at the same firm, say they shared 125 clients...
...winner on the over-the-counter market was Millicom, which is involved with the cellular technology that threatens to put a phone in every car. Millicom sold for less than $2 a share a year ago, but it rose smartly. Then last month the brokerage firm of Dean Witter Reynolds began to recommend it. That helped lift the shares to 22 before the brokerage house learned that it could not legally solicit sales in some states. With that, Dean Witter brokers stopped pushing Millicom, and the stock dropped. Millicom still managed to end 1982 at 15, up 728%. Last week...
...market forces are beginning to believe our resolve in redirecting the economy. Perhaps it took something like the tax bill to convince people that we're serious about fiscal responsibility." Many Wall Street analysts supported that view. Said Robert Stovall, a senior vice president with the Dean Witter Reynolds brokerage house: "The market was a loaded gun just waiting for someone to touch the trigger. President Reagan and the passage of the tax bill played an important role." Some moneymen cited Reagan's apparent move away from the influence of supply-side economists, who favor tax cuts...
...Moving a few steps to Coldwell, Banker & Co., which was the largest independent real estate brokerage company in the U.S. until Sears bought it last year, the customer can get information from a desktop computer about scores of houses for sale in surrounding neighborhoods. The next alcove is Dean Witter Reynolds, the big brokerage firm that Sears also acquired last year. Clients there can put money into stocks, bonds or money-market funds. In California, where Sears owns the Allstate Savings and Loan Association, customers can even open ordinary passbook savings accounts...