Word: witters
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...programs already in place." He adds: "The auto game in the '70s and the '80s will be fuel efficiency, space efficiency, ease of assembly-and none of those are Iacocca's strong points." But others disagree. Says Michael Ward, vice president of Dean Witter Reynolds: "Chrysler's only problem is volume. Iacocca can help; he's a super marketing...
...being watched closely by the New York Stock Exchange lest they fall below minimum capital requirements. So far this year 221 other brokerages have disappeared through mergers or simply closed their doors. Most galling of all, perhaps, stock in such well-known securities firms as Merrill Lynch, Dean Witter, Bache & Co. and Reynolds Securities are all selling at about half their 1972 highs...
Died. Jean C. Witter, 80, honorary board chairman and co-founder in 1924 of Dean Witter & Co., now the fourth largest investment banking firm in the U.S.; in Piedmont, Calif...
...early June, will represent 13% of the firm's equity. The move could well start a rush by other Wall Street firms to market some of their closely held shares to the public. Among the next likely to do so are Bache & Co., Reynolds & Co., Dean Witter & Co., Walston & Co. and F.I. du Pont, Glore Forgan...
...phosphates clean best and brightest, the new brands could presage a return to the old tattletale-gray washes. Still, in only six months or so the phosphate-free products have captured 3% of the market. Says Hercules A. Segalas, a leading analyst of soap-industry stocks at William D. Witter, Inc.: "People figure they can't do much about most pollution. But buying phosphate-free detergents gives them the feeling that they are keeping the water cleaner...